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SOLD OUT

45604 Airport Rd, Chilliwack, BC V2P 7Y1

Unique investment opportunity to own part of a newly built drive-thru property whose tenant is Starbucks at a highly trafficked intersection in the City of Chilliwack, BC.

  • Return Timeline

    5 years
  • Price per unit

    $1.00
  • Cap Rate

    4.31%
  • Distributions

    Bi-Annually

Property Highlights

  • Freestanding, single-tenant drive-thru building comprised of 2,146 SF new build retail
  • 12 owned parking stalls
  • 100% occupied by Starbucks
  • Built in 2019

Tenant Highlights

  • Starbucks is an American coffee company and coffeehouse chain founded in 1971
  • Starbucks operates 30,000 stores across 80 markets (as of June 30, 2019)
  • Starbucks Corporation's common stock is listed on NASDAQ, under the trading symbol SBUX.

You can review all of the due diligence done on the property within your account.

Investment Thesis

Initial hold of 5 years with the potential to sell the property if advantageous. You can read more details in the Offering Memorandum for this property.

“The tenant (Starbucks) has solid financial strength, the building has a great location and a well-designed and very functional drive-thru, there is a good return in terms of cash flow, with contractual rent steps that go up every year,” said Steve Evans, addy board member and President of Sunstone Realty Advisors and Co-Founder and former CEO of Pure Industrial Real Estate Trust and Pure Multi-Family REIT LP. “The asset has a triple net or carefree-lease and given the COVID 19 pandemic, we are getting it at a very good cap rate. Plus, Chilliwack is an affordable market compared to Vancouver and it is growing quickly – businesses like the new Molson Brewery are driving job creation in the area further strengthening the economic outlook for the city.”

About addy

addy is reinventing real estate investment. We’re a new platform that removes the financial and administrative barriers to real estate investment, making it possible for anyone to participate in today’s most lucrative type of investment — quickly, conveniently, and for as little as $1.

Meet The Team

* These projections are for illustrative purposes only, and do not guarantee any type of return.