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For Sale High-Profile Retail Investment Opportunity For2310 Sale Kingsway | Vancouver, Bc High-Profile Retail Investment Opportunity 2310 Kingsway | Vancouver, Bc

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For Sale High-Profile Retail Investment Opportunity For2310 Sale Kingsway | Vancouver, Bc High-Profile Retail Investment Opportunity 2310 Kingsway | Vancouver, Bc FOR SALE HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY FOR2310 SALE KINGSWAY | VANCOUVER, BC HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC Lorem ipsum 2320 Kingsway Available through separate offering SUBJECT PROPERTY Kingsway (32,875 VPD) Nanaimo Street (19,297 VPD) JON BUCKLEY* CURTIS LEONHARDT* 604 630 0215 604 638 1999 [email protected] [email protected] *Personal Real Estate Corporation FORM RETAIL ADVISORS INC. FOR SALE HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC OPPORTUNITY INVESTMENT HIGHLIGHTS LOCATION OVERVIEW The Vendor has exclusively retained • Recently constructed air space parcel • Located within a new mixed-use development with 335 Form Retail Advisors Inc. (the residential suites above “Agent”) to facilitate the sale of • The Subject Property is 100% leased, secured by its 100% freehold interest in 2310 national covenants Subway and Dominion Lending. • Situated at the high-profile, fully-signalized intersection Kingsway (the “Subject Property”) The tenant roster also includes Eldorado Liquor of Kingsway and Nanaimo Street within the Norquay located in Vancouver, BC. Store and Our CommonWealth Advisors Village Neighbourhood Centre The Subject Property is an excellent • Located at the base of Wall Development's mixed- • Excellent exposure along the Kingsway Corridor seeing use Eldorado Mews project, which is anchored by investment opportunity featuring 32,875 VPD Shoppers Drug Mart and Royal Bank of Canada 6,927 square feet of retail space with a prime corner location and • Central location to Downtown Vancouver, Metrotown • 150+ parking stalls to complement the commercial leased to national tenants on a long- Mall, nearby schools, retail services and amenities, and space with potential to generate future revenue term, fully net basis. two SkyTrain stations • Eldorado Liquor Store on-site creates excellent The Subject Property may also be • Rapid residential and mixed-use development along draw to the property, and is one of only two private Kingsway has spurred phenomenal growth in the area purchased as a package together liquor stores located along Kingsway with the adjacent air space parcel, • Significant increase in commercial and community activity 2320 Kingsway, Vancouver, BC. • Rare investment offering in the Metro Vancouver is anticipated near the 2400 Motel redevelopment site, market characterized by tight supply and strong adjacent to the Subject Property Please click here to access the demand for high-quality commercial real estate brochure for 2320 Kingsway. THE ELDORADO 335 RESIDENTIAL UNITS ABOVE SUBJECT PROPERTY Nanaimo Street (19,297 VPD) 152 2320 Kingsway COMMERCIAL PARKING STALLS 26,678 Kingsway (32,875 VPD) SF OF COMMERCIAL SPACE FORM RETAIL ADVISORS INC. FOR SALE HIGH-PROFILE RETAIL INVESTMENT OPPORTUNITY 2310 KINGSWAY | VANCOUVER, BC TENANT OVERVIEW OVERALL PROJECT DETAILS Subway Restaurants is one of the fastest growing restaurant franchises in the MUNICIPAL ADDRESS 2310-2372 Kingsway, Vancouver, BC world: as of December 2017, there are 44,608 locations operating in 112 countries Southeast corner at Kingsway and and territories serving about 7.6 million sandwiches every day. Subway is one of LOCATION Nanaimo Street the most valuable restaurant brands in the world and one of the largest quick service restaurant chains based on sales and revenues. YEAR BUILT 2013 - Wall Group of Companies Dominion Lending Centres is a national mortgage and leasing company with more All directional access on • than 2,300 licensed mortgage professionals with more than 350 office locations Kingsway ACCESS/EGRESS across Canada. Services and products range from residential and commercial • Right in/right out on Nanaimo heading north mortgages, and leasing for auto and equipment. Dominion Lending Centres has a network of 230 lending institutions and partners with various mortgage broker • 32,875 VPD along Kingsway associations and governing bodies. TRAFFIC COUNTS • 19,297 VPD along Nanaimo The Eldorado Liquor Store is a private liquor retail store known to be a long- 152 stalls dedicated to commercial PARKING time, local favourite and a recognized icon of Kingsway as it has operated in the retail THE ELDORADO area for years. It is one of two private liquor stores located along Kingsway in ZONING CD - 1 (487) LIQUOR STORE 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 FINANCING Available Clear Title retail stores operating throughout BC. 2310 KINGSWAY OUR Our CommonWealth Advisors is a local, private Wealth Management company PID 029-022-169 COMMONWEALTH that specializes in insurance. investments and financial planning. Our Common- Block 11 District Lot 393 Group 1 ADVISORS Wealth Advisors was founded in 2017. LEGAL DESCRIPTION New Westminster District Air Space Plan EPP25967 NET RENTABLE AREA 6,927 SF Our CommonWealth Advisors • Subway • Dominion Lending Centres CURRENT TENANTS • Eldorado Liquor Store • Our CommonWealth Advisors Eldorado STABILIZED Liquor Store $224,513 YEAR 1 NOI ASKING SALE PRICE $5,980,000 FORM RETAIL ADVISORS INC. FOR SALE HIGH-PROFILEFOR RETAIL INVESTMENT SALE OPPORTUNITY HIGH-PROFILE RETAIL INVESTMENT2310 KINGSWAY OPPORTUNITY | VANCOUVER, BC 2310 KINGSWAY | VANCOUVER, BC SUBJECT PROPERTY Kingsway (32,875 VPD) Eldorado Mews P Nanaimo Street (19,297 VPD) 2320 Kingsway Available through separate offering 10 MIN 2017 ESTIMATES & PROJECTIONS 1 KM 3 KM 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% 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 liabilityFORM for RETAIL loss and ADVISORS damages arising INC. 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 B E 26TH AVE N N G TLIN ST TLIN T E 27TH AVE A T S S MARKET OVERVIEW Y S E E 27TH AVE P N V ANNESS T O D S I O S O L L M AVE S RENFREW-COLLINGWOOD A E 28TH AVE A K K E 29TH AVE GENERAL The Subject Property is located within the Renfrew-Collingwood neighbourhood, a large BROCK E 29TH AVE ST PARK 29TH AVE WELLINGT and growing residential neighbourhood with a population of approximately 54,914 SKYTRAIN SIDNEY WENONAH ST SLOCAN STATION people (2017), and is expected to grow 5.4% by 2020. Many commuters travel through BROCK ST PARK ON AVE KINGS the area as Renfrew-Collingwood is home to some of the busiest streets in Vancouver QUEENS LA CLARENDON ST WRENCE ST AVE with Kingsway, Grandview Highway, Boundary Road, and East Broadway each carrying AVE GOTHARD ST EUCLID GAL more than 40,000 vehicles per day at its peak; the location where the Subject Property SLOCAN ST T ST NORQUAY ELEMEN TARY A ST is situated has an exposure to 32,875 vehicles daily along Kingsway. In addition, the BALDWIN ST VE E 32ND AVE ST MOSS ST CHEYENNE neighbourhood is home to five SkyTrain stations. Kensington GardensE 30TH AIRMONT ONE ST F MANNERING AVE T AVE A KILLARNEY S HORLEY VE O M MANOR ST THAM ST NORQUAY VILLAGE NEIGHBOURHOOD I KINGSW ST E 33RD AVE A DUCHESS ST N W CHA GLADST A ARD ST T Within the Renfrew-Collingwood area, the Subject Property is more specifically located N S A S Y E 34TH AVE T DUKE ST T within the Norquay Village Neighbourhood, a 371 acre area identified as a target for E S R A E T G ST revitalization and exponential growth in the Norquay Village Neighbourhood Centre A R MOSS ST G E 35TH AVE A H M G ST I Plan (NVNCP), approved in 2010. The central location to Downtown Vancouver, 2400 MotelT Site H S NORQUAY AIRMONT Metrotown Mall, nearby schools, convenient access to the rest of the Lower Mainland E 37TH AVE PARK F ST E 37TH AVE CUNNINGHAM ELEMENTARY via two SkyTrain stations (Nanaimo and 29th Avenue) and proximity to commercial BURSILL KILLARNEY services and amenities, have made Norquay Village a highly desirable place to live. COLLINGWOOD E 38TH AVE T T LIBRARY S T S T S S S E E 39TH AVE R S E N E E D L A SCHOOL B N R C T The neighbourhood has traditionally been characterized as a single-family residential M U A O A S Purdy's ChocolateD Site E L RHODES ST A H VE S T C O S T area, however as the population continues to grow, the Norquay Village neighbourhood S E M I G T E R A is seeking to diversity housing types, increase density, and encourage development E 40TH AVE L E L N P O U A EARLES PARK C along the Kingsway corridor. The NVNCP outlines improvements to Kingsway, new R N KERR ST LANCASTER ST T T S residential zones, a public benefits strategy, and a public realm plan. S Y T N E E 41ST AVE S O N D R S A N E E 42ND AVE L L E E 42ND AVE L A I R K A W L • Population is projected to grow by 7.4% within 1 KM of the Subject E 43RD AVE C Property by 2021 LEGEND • 138 development permit applications have been submitted for the area “Mid-Block” Sites: Maximum Building Height: 12 Storey since zoning changes in 2013 and 2016 Large Sites for Public Plazas: Maximum Building Height: 14 Storey • An additional 3,400 housing units are estimated to be added to the area over the next 30 years 2400 Motel Site: Large Site for Public Plaza; Maximum Building Height: 16 Storey FORM RETAIL ADVISORS INC.
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