FOR SALE - Form Retail Advisors
FOR SALE
FOR SALE
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
Lorem ipsum
2320 Kingsway
7 VP D)
Available through separate offering
87
2,
(3
Nan
ay
w gs
n Ki
aim o St ree t
(19 ,29
SUBJECT PROPERTY
5 )
D VP
JON BUCKLEY* 604 630 0215 [email protected] FORM RETAIL ADVISORS INC.
CURTIS LEONHARDT* 604 638 1999 [email protected]
*Personal Real Estate Corporation
FOR SALE
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
OPPORTUNITY
INVESTMENT HIGHLIGHTS
LOCATION OVERVIEW
The Vendor has exclusively retained Form Retail Advisors Inc. (the “Agent”) to facilitate the sale of its 100% freehold interest in 2310 Kingsway (the “Subject Property”) located in Vancouver, BC.
•
Recently constructed air space parcel
•
•
The Subject Property is 100% leased, secured by national covenants Subway and Dominion Lending. The tenant roster also includes Eldorado Liquor Store and Our CommonWealth Advisors
Located within a new mixed-use development with 335 residential suites above
•
Situated at the high-profile, fully-signalized intersection of Kingsway and Nanaimo Street within the Norquay Village Neighbourhood Centre
The Subject Property is an excellent investment opportunity featuring 6,927 square feet of retail space with a prime corner location and leased to national tenants on a longterm, fully net basis.
•
Located at the base of Wall Development's mixeduse Eldorado Mews project, which is anchored by Shoppers Drug Mart and Royal Bank of Canada
•
Excellent exposure along the Kingsway Corridor seeing 32,875 VPD
•
150+ parking stalls to complement the commercial space with potential to generate future revenue
•
Central location to Downtown Vancouver, Metrotown Mall, nearby schools, retail services and amenities, and two SkyTrain stations
•
Eldorado Liquor Store on-site creates excellent draw to the property, and is one of only two private liquor stores located along Kingsway
•
Rapid residential and mixed-use development along Kingsway has spurred phenomenal growth in the area
•
Rare investment offering in the Metro Vancouver market characterized by tight supply and strong demand for high-quality commercial real estate
•
Significant increase in commercial and community activity is anticipated near the 2400 Motel redevelopment site, adjacent to the Subject Property
The Subject Property may also be purchased as a package together with the adjacent air space parcel, 2320 Kingsway, Vancouver, BC. Please click here to access the brochure for 2320 Kingsway.
THE ELDORADO
335 152
RESIDENTIAL UNITS ABOVE
FORM RETAIL ADVISORS INC.
naim
sw
ay
(3
2,
87
5
VP
D)
2320 Kingsway
ng
26,678
SF OF COMMERCIAL SPACE
Na
Ki
COMMERCIAL PARKING STALLS
SUBJECT PROPERTY oS tre et
(19
,29
7V
PD
)
FOR SALE
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
OVERALL PROJECT DETAILS MUNICIPAL ADDRESS
2310-2372 Kingsway, Vancouver, BC
LOCATION
Southeast corner at Kingsway and Nanaimo Street
YEAR BUILT
2013 - Wall Group of Companies •
ACCESS/EGRESS
•
Subway Restaurants is one of the fastest growing restaurant franchises in the world: as of December 2017, there are 44,608 locations operating in 112 countries and territories serving about 7.6 million sandwiches every day. Subway is one of the most valuable restaurant brands in the world and one of the largest quick service restaurant chains based on sales and revenues. Dominion Lending Centres is a national mortgage and leasing company with more than 2,300 licensed mortgage professionals with more than 350 office locations across Canada. Services and products range from residential and commercial mortgages, and leasing for auto and equipment. Dominion Lending Centres has a network of 230 lending institutions and partners with various mortgage broker associations and governing bodies.
All directional access on Kingsway Right in/right out on Nanaimo heading north
TRAFFIC COUNTS
• •
PARKING
152 stalls dedicated to commercial retail
ZONING
CD - 1 (487)
FINANCING
Available Clear Title
32,875 VPD along Kingsway 19,297 VPD along Nanaimo
2310 KINGSWAY PID
029-022-169
LEGAL DESCRIPTION
Block 11 District Lot 393 Group 1 New Westminster District Air Space Plan EPP25967
NET RENTABLE AREA
6,927 SF
CURRENT TENANTS
• • • •
THE ELDORADO LIQUOR STORE
The Eldorado Liquor Store is a private liquor retail store known to be a longtime, local favourite and a recognized icon of Kingsway as it has operated in the area for years. It is one of two private liquor stores located along Kingsway in Vancouver. Based on 2016 sales, the Eldorado Liquor Store was ranked 7 out of 47 liquor retail stores in the City of Vancouver, and ranked 79 out of 647 liquor retail stores operating throughout BC.
OUR Our CommonWealth Advisors is a local, private Wealth Management company COMMONWEALTH that specializes in insurance. investments and financial planning. Our CommonADVISORS Wealth Advisors was founded in 2017.
Our CommonWealth Advisors
Subway Dominion Lending Centres Eldorado Liquor Store Our CommonWealth Advisors
STABILIZED YEAR 1 NOI
$224,513
ASKING SALE PRICE
$5,980,000
FORM RETAIL ADVISORS INC.
TENANT OVERVIEW
Eldorado Liquor Store
SALE FORFOR SALE
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
SUBJECT PROPERTY Kingsway (32,875 VPD)
Eldorado Mews
P
na
Na
2320 Kingsway
et
tre oS
im
Available through separate offering
) PD
7V
,29
(19
1 KM
3 KM
10 MIN DRIVE
Population
22,793
186,102
365,761
Households
7,331
64,110
139,659
Average Household Income
$84,023
$82,800
$81,420
% Pop. Change (2011-2016)
6.9%
4.2%
5.2%
Projected % Pop. Change (2016-2021)
7.4%
4.0%
5.4%
2017 ESTIMATES & PROJECTIONS
FORM RETAIL ADVISORS INC. 1280-333 SEYMOUR STREET VANCOUVER, BC V6B 5A6 T 604 638 2121 F 604 638 2122 FORM.CA The information contained herein has been prepared by Form Retail Advisors Inc. for advertising and general information only. Form Retail Advisors Inc. makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Form Retail Advisors Inc. excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all FORM RETAIL INC. liability for loss andADVISORS damages arising there from. This communication is not intended to cause or induce breach of an existing listing agreement.
FOR SALE
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
Lorem ipsum
2320 Kingsway
7 VP D)
Available through separate offering
87
2,
(3
Nan
ay
w gs
n Ki
aim o St ree t
(19 ,29
SUBJECT PROPERTY
5 )
D VP
JON BUCKLEY* 604 630 0215 [email protected] FORM RETAIL ADVISORS INC.
CURTIS LEONHARDT* 604 638 1999 [email protected]
*Personal Real Estate Corporation
FOR SALE
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
OPPORTUNITY
INVESTMENT HIGHLIGHTS
LOCATION OVERVIEW
The Vendor has exclusively retained Form Retail Advisors Inc. (the “Agent”) to facilitate the sale of its 100% freehold interest in 2310 Kingsway (the “Subject Property”) located in Vancouver, BC.
•
Recently constructed air space parcel
•
•
The Subject Property is 100% leased, secured by national covenants Subway and Dominion Lending. The tenant roster also includes Eldorado Liquor Store and Our CommonWealth Advisors
Located within a new mixed-use development with 335 residential suites above
•
Situated at the high-profile, fully-signalized intersection of Kingsway and Nanaimo Street within the Norquay Village Neighbourhood Centre
The Subject Property is an excellent investment opportunity featuring 6,927 square feet of retail space with a prime corner location and leased to national tenants on a longterm, fully net basis.
•
Located at the base of Wall Development's mixeduse Eldorado Mews project, which is anchored by Shoppers Drug Mart and Royal Bank of Canada
•
Excellent exposure along the Kingsway Corridor seeing 32,875 VPD
•
150+ parking stalls to complement the commercial space with potential to generate future revenue
•
Central location to Downtown Vancouver, Metrotown Mall, nearby schools, retail services and amenities, and two SkyTrain stations
•
Eldorado Liquor Store on-site creates excellent draw to the property, and is one of only two private liquor stores located along Kingsway
•
Rapid residential and mixed-use development along Kingsway has spurred phenomenal growth in the area
•
Rare investment offering in the Metro Vancouver market characterized by tight supply and strong demand for high-quality commercial real estate
•
Significant increase in commercial and community activity is anticipated near the 2400 Motel redevelopment site, adjacent to the Subject Property
The Subject Property may also be purchased as a package together with the adjacent air space parcel, 2320 Kingsway, Vancouver, BC. Please click here to access the brochure for 2320 Kingsway.
THE ELDORADO
335 152
RESIDENTIAL UNITS ABOVE
FORM RETAIL ADVISORS INC.
naim
sw
ay
(3
2,
87
5
VP
D)
2320 Kingsway
ng
26,678
SF OF COMMERCIAL SPACE
Na
Ki
COMMERCIAL PARKING STALLS
SUBJECT PROPERTY oS tre et
(19
,29
7V
PD
)
FOR SALE
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
OVERALL PROJECT DETAILS MUNICIPAL ADDRESS
2310-2372 Kingsway, Vancouver, BC
LOCATION
Southeast corner at Kingsway and Nanaimo Street
YEAR BUILT
2013 - Wall Group of Companies •
ACCESS/EGRESS
•
Subway Restaurants is one of the fastest growing restaurant franchises in the world: as of December 2017, there are 44,608 locations operating in 112 countries and territories serving about 7.6 million sandwiches every day. Subway is one of the most valuable restaurant brands in the world and one of the largest quick service restaurant chains based on sales and revenues. Dominion Lending Centres is a national mortgage and leasing company with more than 2,300 licensed mortgage professionals with more than 350 office locations across Canada. Services and products range from residential and commercial mortgages, and leasing for auto and equipment. Dominion Lending Centres has a network of 230 lending institutions and partners with various mortgage broker associations and governing bodies.
All directional access on Kingsway Right in/right out on Nanaimo heading north
TRAFFIC COUNTS
• •
PARKING
152 stalls dedicated to commercial retail
ZONING
CD - 1 (487)
FINANCING
Available Clear Title
32,875 VPD along Kingsway 19,297 VPD along Nanaimo
2310 KINGSWAY PID
029-022-169
LEGAL DESCRIPTION
Block 11 District Lot 393 Group 1 New Westminster District Air Space Plan EPP25967
NET RENTABLE AREA
6,927 SF
CURRENT TENANTS
• • • •
THE ELDORADO LIQUOR STORE
The Eldorado Liquor Store is a private liquor retail store known to be a longtime, local favourite and a recognized icon of Kingsway as it has operated in the area for years. It is one of two private liquor stores located along Kingsway in Vancouver. Based on 2016 sales, the Eldorado Liquor Store was ranked 7 out of 47 liquor retail stores in the City of Vancouver, and ranked 79 out of 647 liquor retail stores operating throughout BC.
OUR Our CommonWealth Advisors is a local, private Wealth Management company COMMONWEALTH that specializes in insurance. investments and financial planning. Our CommonADVISORS Wealth Advisors was founded in 2017.
Our CommonWealth Advisors
Subway Dominion Lending Centres Eldorado Liquor Store Our CommonWealth Advisors
STABILIZED YEAR 1 NOI
$224,513
ASKING SALE PRICE
$5,980,000
FORM RETAIL ADVISORS INC.
TENANT OVERVIEW
Eldorado Liquor Store
SALE FORFOR SALE
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC
SUBJECT PROPERTY Kingsway (32,875 VPD)
Eldorado Mews
P
na
Na
2320 Kingsway
et
tre oS
im
Available through separate offering
) PD
7V
,29
(19
1 KM
3 KM
10 MIN DRIVE
Population
22,793
186,102
365,761
Households
7,331
64,110
139,659
Average Household Income
$84,023
$82,800
$81,420
% Pop. Change (2011-2016)
6.9%
4.2%
5.2%
Projected % Pop. Change (2016-2021)
7.4%
4.0%
5.4%
2017 ESTIMATES & PROJECTIONS
FORM RETAIL ADVISORS INC. 1280-333 SEYMOUR STREET VANCOUVER, BC V6B 5A6 T 604 638 2121 F 604 638 2122 FORM.CA The information contained herein has been prepared by Form Retail Advisors Inc. for advertising and general information only. Form Retail Advisors Inc. makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Form Retail Advisors Inc. excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all FORM RETAIL INC. liability for loss andADVISORS damages arising there from. This communication is not intended to cause or induce breach of an existing listing agreement.
