Future North Okanagan Retail Centre

Transcription

1 Future North Okanagan Retail Centre Location Vernon British Columbia Contact Joe Genest* TH AVENUE 32ND STREET (HIGHWAY 97) The Shops at Polson Park 27TH STREET VERNON 32ND AVENUE Future Residential Development Vernon Secondary School Vernon Golf & Country Club Head Office KALAMALKA LAKE ROAD The District Townhomes Subject Site 15TH STREET School District No. 22 Office HIGHWAY 6 (12,000 VPD) Vernon Health Services N MIDDLETON WAY *Personal Real Estate Corporation

2 Projected Population Growth Rate ( ) 4.7% Average Household Income +$92,000 Building Permit Value (2018 YTD) +$102 Million Salient Details Located on the northwest corner of Highway 6 and 15th Street, the subject site presents a unique opportunity to be part of a new retail development in. This brand new retail plaza is situated on approximately 7.5 acres and will benefit from its favorable highway location with all directional access via signalized intersection. There are units available ranging from 1,650 to 30,000 square feet with possession scheduled for Q / Q Market Overview Vernon is one of the fastest growing communities in British Columbia and is considered the commercial hub for the North Okanagan Regional District (the District ), which has a population of 85,000 people. Situated between the northern tip of the Lake Okanagan and Kalamalka Lake, on Highway 97 in between Vancouver and Calgary, Vernon attracts tourists, businesses and residents from across Canada. Vernon s central location and proximity to established ski hills, wineries, golf courses and some of the Okanagan s most beautiful lakes makes it a popular destination for vacationers throughout the summer and winter months. Vernon has an economy that is fueled by natural resources, such as agriculture and forestry, and a skilled labour force that contributes to an impressive high average household income of over $92,000. Combined with its affordable real estate, hot summers and mild winters, and prime central location, Vernon has become the major urban centre for the District. New developments in the residential and commercial sector as well as the downturn of Alberta s oil and gas economy have helped attract a younger demographic to Vernon and the surrounding region. Vernon has a population of 58,000 people which is projected to grow by an additional 4.7% by Availability: 1,650 SF to 30,000 SF Highlights Possession: Q / Q Traffic Counts: Highway 6-12,000 VPD Excellent exposure to over 12,000 vehicles per day from Highway 6 along with efficient access/ egress via fully signalized intersection Proposed Site Area: Zoning: Access/Egress Additional Rent: Asking Rent: 7.5 acres C5 - Community Commercial All directional access Est. $10.00 psf Contact Listing Agent Located at the gateway to Vernon servicing all traffic entering from the Kootenays and Coldstream Rare opportunity to be part of a new retail development servicing the affluent and growing population of south Vernon and neighbouring District of Coldstream which has the strongest demographics in the Vernon area including household incomes of +$113,000 The subject site is adjacent to a new townhouse development currently in preconstruction of 48 contemporary homes called The District Townhomes with further future phasing planned 02

3 15TH STREET Now Leasing Site Plan HIGHWAY 6 *Site Plan Subject to Change 03

4 TH AVENUE 15 27TH STREET 32ND AVENUE 32ND STREET (HIGHWAY 97) VERNON KALAMALKA LAKE ROAD TH STREET 11 HIGHWAY 6 (12,000 VPD) MIDDLETON WAY 2018 Estimates 3 KM 5 KM Coldstream Vernon Population 28,337 44,491 10,820 58,000 Households 12,709 19,320 3,275 25,714 Average Household Income $85,336 $87,380 $113,293 $92, Subject Site 2 The District Townhomes 3 Future Residential Development 4 Vernon Secondary School 5 School District No. 22 Office 6 Vernon Health Services 7 7-Eleven, Petro-Canada 8 Industrial Employment Zone 9 BC Hydro 10 Southern Interior Regional Office 11 Vernon Golf & Country Club 12 Kal Tire Head Office 13 The Shops at Polson Park 14 Vernon Jubilee Hospital 15 Fruit Union Plaza 16 Village Green 17 Anderson Crossing 18 SmartCentres Vernon

5 Form Real Estate Advisors Seymour Street Vancouver, BC V6B 5A6 T F 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 personnel of the Vendor or any of its affiliates should be contacted directly under any circumstance. Disclaimer: None of the Vendor, its affiliates, Form Real Estate 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 relied on as, a promise or representation, whether as to the past or the future. The Vendor, its affiliates, Form Real Estate Advisors Inc. and their respective representatives are under no obligation to accept any offer made by any person or entity regarding this opportunity.