STAND ALONE SHOPPERS DRUG MART INVESTMENT OPPORTUNITY WITH FUTURE DRIVE-THRU PAD POTENTIAL PRICE REDUCED SUBJECT SITE Parkwood Place Highway 16 Spruceland Mall PRINCE GEORGE To Alberta Pine Centre Mall Highway 97 To Vancouver SmartCentres Prince George DAVID MORRIS* 604 638 2123 dmorris@form.ca JON BUCKLEY* 604 630 0215 jbuckley@form.ca way 16 H *Personal Real Estate Corporation
OPPORTUNITY Form Retail Advisors Inc. has been engaged by the Vendor to facilitate the sale of 6760 Madill Road, a recently constructed single-tenant investment with future pad development opportunity. PROPERTY HIGHLIGHTS Approximately 10,563 square foot single-tenant property, on a 1.18 acre parcel, with future pad development opportunity of up to 3,500 square feet, with drive-thru 100% occupied by Shoppers Drug Mart on a carefree, fully net, 15 Year lease with 12 years remaining, and three, 5 Year options thereafter Significant upside with built-in minimum rent escalations every 5 years Direct exposure to Highway 97 which connects Prince George to the communities of Fort St. John and Dawson Creek As of March 2014, Shoppers Drug Mart Corporation became a wholly owned subsidiary of Loblaw Companies Limited, which has a market cap of roughly $28.65B (March, 2017) Shoppers Drug Mart Corporation is Canada s largest retail pharmacy chain and has approximately 1,300 locations across Canada Well positioned in the emerging and affluent Hart Community of Prince George
PRINCE GEORGE HIGHLIGHTS Prince George was named the City with the strongest economic outlook among mid-size Canadian cities by the Conference Board of Canada in 2016 and is the largest City in one of the fastest growing regions in Canada with a population of 74,869 (2017) Prince George is in close proximity to major operating mines including Mt. Milligan, Endako, and Gibralter and approximately 20% of northern BC s employment in the mining sector is located in Prince George 66 Major Projects, $218 Billion in Major Projects North Coast 16 Major Projects, $6.8 Billion in Major Projects Nechako 65 Major Projects, $36.8 Billion Northeast Prince George British Columbia Development Regions There are $22.4 billion worth of proposed Mineral Exploration and Mining projects in the region, $230 million of which are proposed within Prince George over the next 3-4 years Prince George is the supply and service centre for more than $23 billion worth of major projects (in addition to above mentioned mining projects) underway and $140 billion worth of projects planned in Northern BC over the next decade, including the recently proposed Biofuel Facility ($70M), Prince George CNG Transit Depot ($19M), and the Civic Plaza Hotel Development ($40M) Growth of the economy is due to being well diversified across all sectors; construction, forestry and pulp & paper, mining, energy & bioenergy, transportation & logistics, manufacturing, and wholesale & retail trade Prepared by: BC Stats August 2013 Major highway infrastructure investments in the region include upgrades to the Pine Pass (Prince George to Dawson Creek) and Cariboo Connector (Prince George to Vancouver) Vancouver Island/ Coast 29 Major Projects, $10.7 Billion Cariboo 465 Major Projects, $72 Billion in Major Projects Mainland/ Southwest 107 Major Projects, $22 Billion Thompson Okanagan 28 Major Projects, $9 Billion in Major Projects Kootenay Prince George International Airport (YXS) has approximately 10 direct flights daily from Vancouver via Westjet and Air Canada, with additional flights provided by Central Mountain Air and Northern Thunderbird. In 2016 YXS had a passenger count of over 462,007 passengers and spent over $2,000,000 in capital improvements
MUNICIPAL ADDRESS 6760 Madill Road RIGHT IN FROM HART HIGHWAY PID 029-254-205 HART HIGHWAY (HIGHWAY 97) LEGAL DESCRIPTION PLAN EPP26104 LOT 1 DISTRICT LOT 4047 LAND DISTRICT 05 ZONING C6 - Highway Commercial; to provide for uses appropriate for some highway locations including general retail, personal services, and office Future pad building PARKING Approximately 60 stalls BUILDING SIZE Shoppers Drug Mart - 10,563 SF Potential Pad Opportunity - 3,500 SF CONNECT TO AUSTIN ROAD LAND SIZE 1.18 acres NET OPERATING INCOME $232,386 ASKING PRICE $5,100,000 $4,900,000 FINANCING Available Clear Title TENANT OVERVIEW Shoppers Drug Mart is a leading Canadian retail pharmacy and personal care chain of 1,259 stores operating in nine provinces and two territories. As a wholly-owned subsidiary of Loblaw Companies Limited, Shoppers Drug Mart is a known for its large format style and convenient store locations which provides a broad range of products and services in health, beauty and convenience.
Highway 1 8 H 35 MIN 1H 10 MIN Richet Street John Hart Highway (Hwy 97) PRINCE GEORGE SUBJECT SITE Highway 97 Madill Road Austin Road East 15,374 VPD VANCOUVER 2016 ESTIMATES & PROJECTIONS 1KM 3KM 5KM PRINCE GEORGE Population 3,116 7,958 14,343 88,116 VICTORIA USA Households 1,369 3,235 5,848 37,275 Average Household Income $92,963 $104,508 $108,173 $92,967 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 liability for loss and damages arising there from. This communication is not intended to cause or induce breach of an existing listing agreement.