For Sale Single Tenant Investment Opportunity For5650 Dunbar Sale Street | Vancouver, Bc Single Tenant Investment Opportunity 5650 Dunbar Street | Vancouver, Bc
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FOR SALE SINGLE TENANT INVESTMENT OPPORTUNITY FOR5650 DUNBAR SALE STREET | VANCOUVER, BC SINGLE TENANT INVESTMENT OPPORTUNITY 5650 DUNBAR STREET | VANCOUVER, BC DOWNTOWN VANCOUVER ENGLISH BAY KITSILANO KERRISDALE ARBUTUS RIDGE Kerrisdale Dunbar Community Elementary Centre School West 41st Avenue Dunbar Street Crofton House PROPERTY School DUNBAR- SOUTHLANDS JACK ALLPRESS* DANNY BEN-YOSEF DAVID MORRIS* Dunbar Street 604 638 1975 604 398 5221 604 638 2123 [email protected] [email protected] [email protected] *Personal Real Estate Corporation FORM RETAIL ADVISORS INC. FOR SALE SINGLE TENANT INVESTMENT OPPORTUNITY 5650 DUNBAR STREET | VANCOUVER, BC PROPERTY HIGHLIGHTS LOCATION A rare opportunity to purchase a prime C-2 zoned investment site with future • 10 minute drive to the University of British Columbia • Within close proximity to Dunbar Village, Kerrisdale, development upside in one of Vancouver’s most prestigious neighborhoods numerous schools, parks and golf courses • Situated in an affluent part of Vancouver with the primary trade area averaging a household income of $192,554 The Ivy by TBT Venture • Close proximity to various high profile developments Limited Partnership West Boulevard - 48 units of rental suites 4560 Dunbar by the Prince of Wales including 5555 Dunbar, The Dunbar/Kerrisdale, The - Completion Winter 2017 Harwood Group Secondary School - 59 units condo Stanton, The Kirkland, McKinnon and Sterling projects • Major retailers in the area include: Save-on-Foods, Shoppers Drug Mart and Stong’s Market Point Grey INVESTMENT HIGHLIGHTS Secondary Dunbar/Kerrisdale The Two Dorthies by Trasolini PROPERTY by Magellen 2020 Construction Corporation - 8 units townhouse • Single tenant property occupied by a neighbourhood 5505 Dunbar by Wesgroup liquor store, with lease running until February 2022. - mixed use building Tenant has one (1) renewal option for six (6) additional -completion 2019 years W 41st Avenue The Stanton by • C-2 zoning which permits a wide range of commercial 5555 Dunbar by Omicron Stanton Holdings - 30 units condo Crofton House School GP LP uses & up to 2.5 Floor Space Ratio (to be confirmed by - Completed 2015 - 17 units condo purchaser) Point Grey Golf & The Kirkland by Stanton • Roof recently replaced Country Club Holdings GP LP - 20 units condo Dunbar Street TRANSIT SW Marine Drive McKinnon by Cressey - 40 units townhouse • The site is on a popular transit route for UBC students Sterling by Cressey W 49th Avenue and professionals including the #7 Dunbar, #32 Dunbar/ - 37 units condo McCleery & Magee by Trasolini Chetner Contruction Downtown, #41 UBC, #49 Metrotown Station Corporation • 15 minute drive to Downtown Vancouver - 8 units single family • 20 minute drive away from Vancouver’s International Airport FORM RETAIL ADVISORS INC. FOR SALE SINGLE TENANT INVESTMENT OPPORTUNITY 5650 DUNBAR STREET | VANCOUVER, BC PROPERTY INFORMATION CIVIC ADDRESS 5650 Dunbar Street, Vancouver, BC (the “Property”) PID 012-753-556 LEGAL DESCRIPTION Lot C Block 8 Plan VAP3558 District Lot 2027 Land District 36 Of Lot 1 LOCATION East side of Dunbar Street and off the corner of West 41st Avenue SITE SIZE Approximately 3,333 SF LEASABLE AREA Approximately 2,490 SF TRAFFIC COUNTS 17,926 vehicles per day along Dunbar Street Dunbar Street ZONING C-2: The intent is to provide for a wide range of commercial uses serving both local and city wide needs, as well as residential uses, along arterial streets. The zoning emphasizes building design that furthers compatibility among uses, ensures livability, limits impact on adjacent residential sites, and contributes to pedestrian interest and amenity. TENANT New District Wine Shop LEASE Tenant’s lease runs until February 2022. The Tenant has one (1) renewal option for six (6) additional years. PERMITTED DENSITY Up to 2.5 FSR (to be confirmed by purchaser) NET OPERATING INCOME $76,800.00 FINANCING Clear Title ASKING PRICE $3,500,000 FORM RETAIL ADVISORS INC. FOR SALE SINGLE TENANT INVESTMENT OPPORTUNITY 5650 DUNBAR STREET | VANCOUVER, BC MARKET OVERVIEW Located in Canada’s most western province of British Columbia, Metro Vancouver is the third most populated metropolis in Canada and home to the City of Vancouver, a city that is consistently ranked as one of the most livable cities to live in the world. Metro Vancouver has a population of approximately 2.5 Million people with an average household income of $100,973, well above the national average of $95,126 (2016). Metro Vancouver is considered by many local and foreign investors as one of the safest, most stable cities in the world to invest in real estate. NEIGHBOURHOOD The Property is located in the Dunbar-Southlands, an affluent community on the Vancouver West Side made up of mostly single-family homes. The Dunbar-Southlands is known for its multi-million dollar mansions, scenic HOUSEHOLDS HOUSEHOLD INCOME streets, and a quiet village-like character; all within driving distance to Downtown Vancouver, Richmond, 22,000+ $206,000+ and the Vancouer International Airport. The area is also WITHIN A 3KM RADIUS WITHIN 1KM RADIUS a convenient access point into the University of British Columbia (UBC) via car or public transit. The Dunbar Loop, located on West 41st Ave and Dunbar Street, is one of the major transit exchanges on the Vancouver West Side, providing an extremely convenient and attractive area for residents and students. The area enjoys an average household income of over $206,000 (2016), and is in close proximity to the Dunbar Village, UBC and surrounding private schools, Kerrisdale SHOPPING NODE shopping, and a number of prestigious golf clubs. Nearby DIRECT TRANSIT ROUTES DUNBAR VILLAGE areas include other affluent neighbourhoods such as UBC, DOWNTOWN APPROXIMATELY 180+ West Point Grey, Kerrisdale, and Shaughnessy; and within & METROTOWN CENTRE BUSINESSES WITHIN THREE a 15 minute drive to popular commercial hubs for food COMMERCIAL AREAS IN DUNBAR and shopping, such as Oakridge and Kitsilano. FORM RETAIL ADVISORS INC. FOR SALE SINGLE FORTENANT INVESTMENT SALE OPPORTUNITY SINGLE TENANT INVESTMENT5650 DUNBAR STREET OPPORTUNITY | VANCOUVER, BC 5650 DUNBAR STREET | VANCOUVER, BC W 39th Avenue Collingwood Street 5555 Dunbar by Omicron - 30 units condo - Completed 2015 PROPERTY Dunbar Street (17,926 VPD) W 41st Avenue (15,374 VPD) WALKING SCORE: 74* VERY WALKABLE TRANSIT SCORE: 62* GOOD TRANSIT PRIMARY 10 MIN DRIVE 2016 ESTIMATES TRADE AREA 1 KM 3 KM 5 KM Population 25,368 9,249 61,084 174,088 128,990 BIKE SCORE: 90* Households 8,657 3,104 22,508 75,990 50,806 BIKER’S PARADISE Average Household Income $192,554 $206,284 $174,409 $132,635 $154,640 * Scores are measured on how well a location is positioned by the following categories. For more information on scores and methodology visit https://www.walkscore.com/methodology.shtml. FORM RETAIL ADVISORS INC. All communications and inquiries related to this opportunity, or requests for additional information or requests regarding procedures, must be made to the Form Retail Advisors Inc. agents named on the first page. No 1280-333 SEYMOUR STREET personnel of the Vendor or any of its affiliates should be contacted directly under any circumstance. VANCOUVER, BC V6B 5A6 Disclaimer: None of the Vendor, its affiliates, Form Retail Advisors Inc. or any of their respective representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document, and interested parties should conduct their own independent analysis of the information contained or referred to herein. Nothing contained in this document is, or should be T 604 638 2121 F 604 638 2122 relied on as, a promise or representation, whether as to the past or the future. The Vendor, its affiliates, Form Retail Advisors Inc. and their respective representatives are under no obligation to accept any offer made by FORM.CA any person or entity regarding this opportunity. FORM RETAIL ADVISORS INC..