EXCEPTIONAL LOCATION. EXCEPTIONAL PROPERTY.
A Hard Asset Investment Opportunity In Commercial Real Estate
Artistic rendering of 1035 Lougheed Hwy, Coquitlam, BC. Actual results may be different. Industry revenue increasing year over year by 4.6% coming in at $1B in 2019 alone. With predictions of more cars being on the road by 2024, consumers will be spending more on discretionary services like car washes.1
Artistic rendering. Actual results may be different. 1035 Lougheed Hwy Coquitlam, British Columbia
NationWide Express Auto Wash Trust (“NationWide”) has acquired a high profile development property located at 1035 Lougheed Highway, Coquitlam, BC (the “Development Property”), strategically positioned on one of the busiest corridors in Greater Vancouver and adjacent to Trans-Canada Highway.
With easy access off a busy intersection at Lougheed Hwy (also known as Hwy 7) and Brunette Avenue and just off Trans-Canada Highway, this highly visible 0.67 acre (29,287 sq.ft.) Development Property is also across the street from Canada's largest Ikea store.2
NationWide intends to develop a modern, well-lit, approximately 5,000 sq. ft. fully integrated 160 ft. Exterior Detail Tunnel (160' EDT) Express Auto Wash facility.
INCREDIBLE CITY OF NEIGHBOURING ONE OF LOCATION COMMUTERS CANADA’S LARGEST IKEAS Located right on Lougheed Hwy In Coquitlam, 76.8% of Across the street from a 750,000 and just off the Trans-Canada commuters drive or take a car sq. ft. IKEA store that is the largest Hwy, the Development Property as a passenger to work, which in Canada, third-largest in North has approximately 56,000 - is 7.8% higher than the total of America.2 63,000 vehicles pass by daily.3 Metro Vancouver commuters.4
1 The New and Unexpected Revenue Stream for Canadian Car Wash Owners www.shipperbee.com 2 walesmclelland.com/our-portfolio/ikea-coquitlam/ 3 Coquitlam Daily Traffic Volume - www.coquitlam.ca/DocumentCenter 4 Statistics Canada, 2016 Census of Population - Main mode of commuting The International Carwash Association estimates there are approximately 62,668 professional car wash locations in United States , with almost 74% being automated.1 According to data from IBISWorld there are 3,345 car wash and auto detailing businesses in Canada.2
Artistic rendering. Actual results may be different. Clear Opportunity in Project Summary a Growing Market PROFILE Located near a major intersection at Lougheed Hwy and Brunette Avenue and off Trans-Canada Highway. The business model in the car wash market has changed in recent years, from labour intensive to automated and capital PROPERTY SIZE 0.67 acres (29,287 sq. ft.) intensive. As a result, the minimal labour, high volume and quick return on investment business models have attracted increased investor interest. LAND PURCHASE PRICE $5.4 M
Modern car wash technology enables locations to wash BUILDING COSTS $4.5 M (est.) more cars per hour with faster service times, better and safer cleaning, more complete drying, and an overall better CAR WASH EQUIPMENT COST $2 M (est.) customer experience. PROPERTY ZONING CS-1 Service Commercial In addition to increased automation, there has been development in the types of cleaning and detailing products FSR ZONING FSR 0.6x with a lot coverage of 55%. Building height used in this industry, which have increased industry revenue. must not exceed 11 metres or two stories. Metro Vancouver represents an attractive market as given the high percentage of consumers who drive to work, ENVIRONMENTAL STUDY Pinchin Ltd. Environmental Assessment, March 13, 2018 increasing median income and the overall population Evans & Evans Car Wash Feasibility, November 18, 2020 growth. Further [the business] is expected to derive FEASIBILITY STUDIES customers from the regions of Burnaby, Coquitlam and New Westminster which are growing rapidly and have a COMMERCIAL NEIGHBOURS IKEA, ICBC Claim Centre, Return-it Depot, Canadian high percentage of commuters.3 Tire, McDonald’s.
1 www.carwash.org/for-operators/industry-information 2 www.ibisworld.com/canada/market-research-reports/car-wash-auto-detailing-industry 3 Evans & Evans Feasibility Study—Section 7, November 18, 2020 time-saver water-saver eco-friendly
This is a new era in commercial car washing and conveyor car wash tunnel systems. Rising Canadian per capita disposable income has fuelled demand for discretionary consumer services like car washes. Further as the Canadian population becomes increasingly more affluent, more people shift to the do-it-for me model as opposed to home car washing.1
Demand for car washes has also increased as consumers are more educated with regards to how driveway car washing is bad for the environment.1
The Development Property will be developed to provide the necessary infrastructure to accommodate an 160 ft. Exterior Detail Tunnel system (160-EDT) to be called "Express Auto Wash". The dynamic state-of-the-art facility will provide customers with the complete car wash solution in approximately 3 minutes.
The facility will also include drive-up self-serve vacuum stations and mat cleaning stations. Rainwater Harvesting Saves Water and Money Express Auto Wash Terminal & Express Auto Wash will utilize rainwater harvesting technology to collect approximately Self-Serve Vacuum System 40,000 gallons of water per month: an environmental choice with a kickback of savings to the property expenses.2 CAR WASH PROFILE 160 ft. Exterior Detail Tunnel System An Environmentally Friendly Car Wash Solution (160' EDT) with over-under conveyor, front wheel hydraulic pull-up and Home car washes can cause engine and brake residue, antifreeze, grease, oil, and + Fusion™ Guard combination of other harmful pollutants to run directly into storm sewers that flow into local integrated chemistry and equipment. streams, rivers and oceans.3
+ Express Auto Wash is a professional 3-minute car wash that uses on average 1/3 CAR WASH TERMINAL COST $2 M (car wash terminal and 3 less water vs. washing a car at home. equipment installed). + Metering is computer controlled to deliver the precise volume of water to ensure optimal waste-free cleaning. CAR WASH TERMINAL SIZE 5,000 sq. ft. with an 160 ft. tunnel.
CAR WASH CAPACITY Up to 180 cars per hour.
Express Auto Wash equipment Express Auto Wash uses provides computer controlled 100% Recy 100% recycled water and 1/3 metering ensuring optimal less water than a hand car wash. CAR WASH RATES Basic: Wash: $8 waste-free cleaning. Silver Wash: $13 cled Wa Gold Wash: $15 Platinum Wash: $19 te r Filter Plus $3-$5 add-ons such as Ceramic X3, Fusion Rain Repel, Fusion Wax Reclaimed Water Tank Express Auto Wash will utilize and Tire Shine. rainwater harvesting technology erflow to collect approx. 40,000 gallons
Ov 100% of water used in the car wash is of water per month. recycled and through filtering systems, VACUUM STATION CAPACITY 10 boom stations (approx.). any remaining pollutants are removed Water Treatment Facility from the facility and disposed of at government-regulated sites. VACUUM INCOME $3 for 4 min. of vacuum time. 1 Evans & Evans Feasibility Study—Section 4.1, November 18, 2020 2 Management estimate, as at November 2020 3 www.canadiancarwash.ca/Industry-FAQs The global car wash service market size was valued at US$33.0 billion in 2018 and is expected to grow at a compound annual growth rate (“CAGR”) of 3.2% from 2019 to 2025, to reach US$41.1 billion by 2025.1 WOOLRIDGE ST 160-EDT is the Fusion™ Powered Auto Wash Tunnel of the Future The dynamic 160-EDT Express Auto Wash tunnel utilizes the Fusion™ Guard integrated combination of chemistry and equipment to clean, shine and protect up to 180 cars per hour.2
Customers can save time and water with a 3 minute eco-friendly car wash.
CAR WASH TUNNE FUSION CHEMISTRY DYNAMIC LED & EQUIPMENT LIGHT SHOW SAN DANIELLE LN LOUGHEED HWY Sidewalk L Professional-Grade Self-Serve Vacuum Stations A simple design with stainless-steel professional-grade durability allows for easy installation and maintenance. Customers will have easy drive-up access to self-serve vacuum boom stations.
Vacuum tokens will cost $3 each and will provide 4 minutes of vacuum time. Vacuum Stations & Parking Stalls 1 www.grandviewresearch.com/industry-analysis/car-wash-service-market 2 www.sonnysdirect.com/prd_car_wash_equipment_tunnel_systems_160EDT
Schematic of 1035 Lougheed Hwy. Actual layout may be different.
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To T & Capilano Suspension Horseshoe Park Bridge NORTH Coquitlam,Bay BC is situated some 10 to 15 kmD (6.2 to 9.3 mi) east of Vancouver, and borders Burnaby and Port Moody to the west, New Westminster to the southwest, and Port R & Whistler 99 99 Coquitlam to the southeast and Mission Oand Maple Ridge at little further east. VANCOUVER N MARINE DR A MT SEYMOUR PKW PORT I L Y Part of the Lower Mainland of BritishP Columbia, Canada, Coquitlam the sixth-largest city in the province, with a population of approximately 139,284 in 20161, and the 5th most A Burke C E LLART MOODY populous city of the 21 municipalities comprising Metro Vancouver. DO ON H Mountain V W MARI NE DR English Y Belcarra A Stanley Regional Park The DevelopmentLIONS Property is situated on a cornerN lot rightBay on LougheedPark Hwy across from IKEA Furniture. Lougheed Hwy is 150 km (90 miles) longBurrard and is also known as British I O DAVI D AVE IRONWORKERS C GATE O Columbia Highway 7 and is widely used alternative route to Highway 1 through the Lower Mainland region. The majority ofMEMO LougheedRIAL B HwyRIDG runsE parallelInlet to the controlled-access R D RT O
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1 A R M D Y S AR W E I L N N Indian 2016 2041 % of projected change E AL 2011 2016 % of change since 2011 R D R O V Lighthouse L N Arm 2 O N Coquitlam 126,840 139,284 9.8% increase1 Coquitlam 139,284 224,000 60.8% increase Park L LY Lynn Northlands Y 1 2 To Grouse Mtn A Canyon Golf Course Vancouver 603,502 631,486 4.6% increase Vancouver 631,486 765,000 21.1% increase
To T & Capilano Suspension Horseshoe NORTH Park Bridge Burnaby 223,218 232,755 1 Burnaby 232,755 345,000 48.2% increase2 Bay D 4.3% increase R & Whistler 99 99 2 O VANCOUVER Port Moody 33,011 33,551 1.6% increase1 Port Moody 33,551 50,000 49% increase N MARINE DR A MT SEYMOUR PKWY PORT I L 1 2 P Port Coquitlam 55,958 58,612 4.7% increase Port Coquitlam 58,612 85,000 45% increase A Burke C
E MOODY LLART 1 2 DO ON H Maple Ridge 76,052 85,253 8.2% increase Mountain Maple Ridge 82,253 118,000 43.4% increase V W MARI NE DR English Y Belcarra A Stanley Regional Park LIONS N Bay Park Burrard I O DAVI D AVE IRONWORKERS C GATE 1 Statistics Canada. 2017. [Coquitlam,O Vancouver, Burnaby, Port Moody, Port Coquitlam, Maple Ridge] British Columbia and British Columbia. MEMO RIAL BRIDGE Inlet R D
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Highway 7 (Lougheed Highway) is an importantB link for travel and goods movement at the local, regional, and provincial level. In 2018, Highway 7 saw an Annual Average Daily Traffic To North & 99 VANCOUVER (“AADT”) count of approximately 56,000 to 63,000M vehicles a day, split eastbound and westbound.2 99 West Vancouver E MT SEYMOUR PKWY PORT P Burke Demand for car washing services positively correlates with the growth in the number of motor vehicles in the area and the number of drivers that are drivingDOL pastLAR theTON Development Property. MOODY Mountain HW English Y Belcarra Stanley Regional Park A car wash is a matter of convenience for most drivers, so its importantP thatark drivers don’t have to drive out of their way to get to the Development Property.Burrard As such, Management believes I O DAVI D AVE Bay C IRONWORKERS O the Development Property being situated on corner lot, with easy access to enter and exit from every direction, and on a heavilyMEMO travelledRIAL B highwayRIDGE will bodeInlet well for a thriving auto wash R D
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I S AR W E P I L N A N L Indian C E A R O E D R V 4 Lighthouse L + Vancouver census metropolitan area (which encompasses Metro Vancouver), 59.4% of people go to work in personal vehicles.
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ARI NE DR L Park A Y Lynn Northlands L 5 Y + In Coquitlam, 76.8% of commuters drive or take a car as a passenger to work, which is 7.8% higher than the total of Metro Vancouver commuters. N LIONS A Canyon Golf Course GATE T NORTH Park + The average commute was 29.7 minutes in Metro Vancouver.6 BRIDGE RT O 2 E + In 2018, Highway 7 saw an Annual Average Daily Traffic (“AADT”) count of approximately 56,000 to 63,000 vehicles a day, split eastbound and westbound.
B 99 VANCOUVER To North & 7 M + 91% of people travel 16.0 kms or less to a specific car wash.
99 West Vancouver E MT SEYMOUR PKWY PORT P Burke A MOODY DOLL RTON 1 Evans & Evans Feasibility Study—Section 2.1, November 18, 2020 Mountain HW Belcarra English Stanley Y 2 Coquitlam Daily Traffic Volume - https://www.coquitlam.ca/DocumentCenter/View/157/Daily-Traffic-Volume-Map-PDF?bidId= Regional Park 3 City of Coquitlam, Transportation Data Management System Bay Park Burrard 4 CBC News Article,I O Nov 30, 2017 https://www.cbc.ca/news/canada/british-columbia/census-vancouver-commuting-stats-1.4425660DAVI D AVE IRONWORKERS C 5 Statistics Canada, 2016O Census of Population. Main Mode of Commuting [Coquitlam]
D MEMO RIAL BRIDGE Inlet 6 Evans & Evans FeasibilityR Study—Section 3.3, November 18, 2020
D R BARNET HWY 7 Auto Laundry News – 2020 Study
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Upcoming Nearby Neighbourhoods 1 BURQUITLAM PARK AND WHITGIFT GARDENS 9 minute/4.1km drive to Development Property. Across from Burquitlam SkyTrain. 8 tower redevelopment of 2 separate sites. 2,700 residential units to house approx. 7,000 residents: includes 1,622 market condos, 929 market rental units, 132 seniors market rental units and 20-40 below market units. 3,300 parking stalls combined. 60,000 sq ft, 3-storey YMCA facility with swimming pool, gym, daycare, cafe, studios, multipurpose rooms, and Community Police Station.
2 CITY OF LOUGHEED 7 minute/3km drive to Development Property 37 acre city with regional shopping centre and 10,000 homes.
2. CITY OF LOUGHEED Surrounding the Lougheed Sky Train and future Evergreen Sky Train.
3 FRASER MILLS 6 minute/2.7km drive to Development Property 96 acre waterfront community. 16 buildings creating 4,700 homes plus shops, restaurants and a 48,000 sq ft aquatic centre.
4 COQUITLAM CITY CENTRE REDEVELOPMENT 14 minute/9.8km drive to Development Property Including 3 new precincts, offices, retail and other amenities, plus housing for 25,000 new residents.
5 BURKE MOUNTAIN COMMUNITY 20 minute/15.9km drive to Development Property 4. COQUITLAM CITY CENTRE 400 acre community hosting 2,200 - 5,300 housing units and approximately 6,500 to 13,500 residents.
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Sydney R ARI N The Heights on Austin 4 E M E D CITY OF LOUGHEED G Simon Fraser M W R T Lougheed Heights A N T S G 7 minute/3km drive to Development Property Mantyla L University ST JOHNS S Golden Ears
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PROFESSIONAL ADVISORY Move over housing; commercial is the new real estate boom. AUDITORS LEGAL COUNSEL PROJECT MANAGEMENT
Frank O’Brian Business in Vancouver
INDEPENDENT VALUATION SERVICES ARCHITECTURAL & INDEPENDENT ENVIRONMENTAL INTERIOR DESIGN VALUATION SERVICES CONSULTANTS
Suite 808-609 Granville Street [604] 684.5742 [email protected] Vancouver, BC V7Y 1G5 [866] 688.5750 invest.nationwideselfstorage.ca
There can be no assurance NationWide Express Auto Wash Trust will acquire the Development Property on the terms set out therein, or at all. This is not a formal offering document. Prospective purchasers of this investment opportunity will be provided with a formal offering memorandum dated January 8, 2021 (the "Offering Memorandum") and will need to be qualified for investment prior to making any investment. No person has been authorized to give any information or to make any representation not contained in the formal Offering Memorandum. No securities regulatory authority or regulator has assessed the merits of the proposed offering or reviewed the formal Offering Memorandum. This investment opportunity is speculative and involves a high degree of risk. There is a risk that any investment made will be lost entirely or in part. Only prospective investors who do not require immediate liquidity of their investment and who can afford the loss of their entire investment should consider this investment. Artistic rendering. Actual results may be different.