About 34530 McConnell Rd

Avison Young is pleased to present the opportunity to purchase 34530 McConnell Road in Abbotsford. This offering consists of a 100% freehold interest in an 85,218 square foot retail and warehouse building on 6.93 acres of land. The property is fully leased to Rona under the terms of a carefree net lease expiring on July 11, 2021. Rona has ceased operating out of this location, but is still responsible for its rental payments until the lease expiry. The rental and property tax and operating cost obligations of Rona for the duration of the term are estimated to be approximately $10 million. The offering is an excellent opportunity to purchase a property that offers a secure holding income over the next six years or, in lieu of the rental stream, investigate the possibility of negotiating a lump sum termination payment with Rona. Re-tenanting the Rona space and developing additional retail space on the site could create excellent value add circumstances for the property. The property benefits from a prominent location adjacent to Costco and just south of RioCan' s Abbotsford Power Centre that features Winners HomeSense as an anchor tenant in the Sumas Way retail thoroughfare.

  • Property Type Retail
  • Status Existing
  • Total Available Space 0 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 85,218 SF
  • Year Built 2001
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