FOR LEASE FOR LEASE 2,100 SF RETAIL AVAILABLE SUBJECT SITE 1550 MARINE DRIVE NORTH VANCOUVER, BC. JORDAN CURTEANU
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1 2,100 SF RETAIL AVAILABLE Highway 99 Capilano Road (25,739 VPD) Pemberton Plaza Capilano Square Highway 99 Marine Drive (37,981 VPD) Park Royal Shopping Centre Norgate Centre Capilano Mall JOE GENEST* JORDAN CURTEANU *Personal Real Estate Corporation
2 Bowser Avenue MacGowan Avenue OPPORTUNITY To lease a desirable end-cap retail premises with excellent exposure to the Marine Drive corridor in growing North Vancouver. Unlike many other leasing opportunities along this node, the landlord is prepared to provide a highly coveted 5-15 year term lease without a termination/demolition clause. Co-tenancies include Edmonds Fine Appliances, All About Cats Veterinary Clinic and adjacent to a new Bulk Barn Foods store. LOCATION Phillip Avenue 1550 Marine Drive is located in the Lower Capilano Marine neighbourhood in the District of North Vancouver. The property is situated on the northeast corner of Marine Drive and Bowser Avenue with desirable corner lot positioning on the well-travelled Marine Drive corridor. The property features exposure to approximately 38,000 vehicles per day in an affluent neighbourhood with average household incomes of over $120,000. Marine Drive (37,981 VPD) PROPERTY INFO AVAILABLE SPACE PARKING ZONING TRAFFIC COUNTS CAM & TAXES (2018) Up to 2,100 SF (demisable) 42 designated surface parking stalls at the rear, and street parking available C9 - Marine Drive Commercial Zone Permitted uses include retail food services, retail purposes, restaurants, liquor store, business/office support services, personal service shops, trade schools and much more. 37,981 VPD $13.50 PSF (estimate) ASKING RATES $36.00 PSF Rendering of new Edmonds storefront
3 SITE PLAN AVAILABILITY CRU Unit Size Tenant Timing 1 8,000 SF Edmonds Fine Appliances March ,525 SF All About Cats Veterinary Clinic October ,100 SF Available July 2018 BOWSER AVENUE CRU 1 8,000 SF CRU 2 1,525 SF CRU 3 2,100 SF Available MARINE DRIVE
4 AERIAL OF SURROUNDING DEVELOPMENTS Klahanie Park 6 NORTH VANCOUVER Lions Gate Bridge Capilano Rd. (25,739 VPD) 1 Marine Dr. (37,981 VPD) Norgate Park No. Address Project Name Developer Status # of Units Tatlow Avenue Tatlow Homes Spring Olive Development Est. Completion in Fullerton Avenue Lions Gate Towers Larco Investments Ltd. Est. Completion in Capilano Road Park West at Lions Gate Pacific Gate Investment Preconstruction Marine Drive TBD Marvel Group Corp. Preconstruction Marine Drive The Sentinel Darwin Construction Preconstruction , Glenaire Drive, 1944 & 1976 Fullerton, Sandown Place Ebb + Flow Citimark and Woodbridge Homes Preconstruction 164 Total : 1,335
5 2,100 SF RETAIL AVAILABLE 2017 ESTIMATES & PROJECTIONS 1 KM 3 KM 5 KM 8 MIN Population 9,588 51, ,341 95,856 Households 4,131 21,508 91,111 43,060 Average Household Income % Change Population ( ) % Change Population ( ) $103,767 $120,252 $95,832 $111, % 6.5% 6.2% 5.6% 6.8% 5.7% 5.6% 5.6% SEYMOUR STREET VANCOUVER, BC V6B 5A6 T F FORM.CA The information contained herein has been prepared by Form Real Estate Advisors Inc. for advertising and general information only. Form Real Estate 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 Real Estate Advisors Inc. excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This communication is not intended to cause or induce breach of an existing listing agreement.
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