for sale/lease

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FOR
SALE/LEASE
FOR
SALE/LEASE
UNIQUE OWNER-USER / REPOSITIONING OPPORTUNITY
ld
en
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PIONEER PLAZA
19963 96TH AVENUE | LANGLEY, BC
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PIONEER PLAZA
19963 96TH AVENUE
LANGLEY, BC
GOLDEN EARS BRIDGE
20
1
St
re
et
SUBJECT SITE
19
9A
St
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et
(1
0,
23
8
VP
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ue
ven
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96t
PD)
10 V
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(18
20
0
St
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et
JON BUCKLEY*
604 630 0215
jbuckley@formretail.ca
FORM RETAIL ADVISORS INC.
*Personal Real Estate Corporation
JACK ALLPRESS*
604 638 1975
jallpress@formretail.ca
FOR SALE/LEASE
PIONEER PLAZA
19963 96TH AVENUE | LANGLEY, BC
Form Retail Advisors Inc. (“Listing Agent”) has exclusively been engaged to facilitate the sale and/or lease of Pioneer Plaza, municipally referred to as 19963 96th Avenue in Langley,
British Columbia (“Subject Property”).
OPPORTUNITY
•
•
•
•
•
•
Prominent open air shopping center with abundant parking and high visibility along
96th Avenue and 199A Street
Subject Property consists of 25,350 square feet of inline space and a 2,792 square foot
drive-thru pad
The existing building allows investors and/or owner-users to secure large format space
at below replacement cost, reducing barriers to market entry for many tenants
Exceptional access to the Trans-Canada Highway, Golden Ears Bridge, Port Mann
Bridge and South Fraser Perimeter Road
Anchored by long-term tenants McDonald’s and Scotiabank
Exposure to 18,110 VPD along 96th Avenue and 10,238 VPD along 199A Street
MARKET OVERVIEW
•
•
•
Strategically located between the neighbourhood of Walnut Grove and the industrial
area of Port Kells
Area tenants include Tim Hortons, Wendy’s, Colossus Langley Cinemas, IGA
Marketplace, Shoppers Drug Mart, and Boston Pizza, among others
Strategically located near the Golden Ears Bridge allowing neighbouring municipalities
easy access to Walnut Grove
The Subject Property is located adjacent to the neighbourhood of Port Kells, which benefits
from the future development of the adjacent Anniedale-Tynehead neighbourhood,
just south of Highway 1. The recently created plan for Anniedale-Tynehead will offer
opportunities for business park, industrial, commercial and residential development and is
projected to see a population increase over five fold, during the next 2 decades.
The Subject Property also benefits from being in close proximity to Walnut Grove, located
on the east side of Port Kells. Walnut grove is a major urban growth area within the
Township of Langley, which has a population of approximately 24,920 people, boasting
strong demographics with household incomes over $108,000.
FORM RETAIL ADVISORS INC.
FOR SALE/LEASE
PIONEER PLAZA
19963 96TH AVENUE | LANGLEY, BC
MUNICIPAL ADDRESS
19963 96th Avenue, Langley, British Columbia
PID
005-370-639
LEGAL DESCRIPTION
LOT 26 EXCEPT: FIRSTLY; PART DEDICATED ROAD ON PLAN LMP7846
SECONDLY; PART DEDICATED ROAD ON PLAN BCP25612
DISTRICT LOT 123 GROUP 2 NEW WESTMINSTER DISTRICT PLAN 55758
ANCHOR TENANTS
• McDonald’s (drive-thru)
• Scotiabank
LOT SIZE
82,215 SF
NET RENTABLE AREA
28,142 SF
PARKING
98 parking stalls (3.48 per 1,000 SF)
TRAFFIC COUNTS
• 18,110 VPD along 96th Ave.
• 10,238 VPD along 199A St.
ZONING
C-2 Service Commercial Zone
ACCESS/EGRESS
• Left In/Left Out off of 199A Street
• Right In/Right Out and Left In off
of 96th Avenue
OCCUPANCY
Available Immediately
FORM RETAIL ADVISORS INC.
AVAILABLE UNITS
CRU
Size (SF)
19963
1,766
19965
1,960
19971
1,000
19981,
19983 &
19985
5,303
19991
1,450
ADDITIONAL RENT
(2016 BUDGETED)
$8.19 PSF
LEASE RATES
Please Contact Listing Agent
STABILIZED NOI
$621,412
FINANCING
Available Clear Title
SALE PRICE
Prospective purchasers are invited
to submit Offers for the Subject
Property through the Listing Agent
for consideration by the Vendor
FOR SALE/LEASE
PIONEER PLAZA
19963 96TH AVENUE | LANGLEY, BC
#19971
1,000 SF
Pioneer Pitstop
#19965
1,960 SF
My Dog’s Hair Salon
#19963
1,766 SF
Anjen New & Used Furniture
SITE PLAN
#19981 & #19983
4,266 SF
LOADING
DOCK
#19985
1,037 SF
#19991
1,450 SF
DONAIR AFFAIR
FORM RETAIL ADVISORS INC.
FOR
SALE/LEASE
FOR
SALE/LEASE
UNIQUE OWNER-USER / REPOSITIONING OPPORTUNITY
MAPLE RIDGE
Valley Fair Mall
PIONEER PLAZA
19963 96TH AVENUE | LANGLEY, BC
PIONEER PLAZA
19963 96TH AVENUE
LANGLEY, BC
Haney Place Mall
SUBJECT SITE
96th Avenue
FORT
LANGLEY
Tran
s
-Ca
nad
aH
wy
200 Stre
et
199A Street
Golden Ears Way
2016 ESTIMATES
AND PROJECTIONS
1 KM
3 KM
5 KM
10 MIN
DRIVE
Population
1,511
21,950
61,916
92,603
Households
629
8,286
22,000
32,945
$113,056
$107,101
$107,656
$105,642
Average Household
Income
FORM RETAIL ADVISORS INC.
1280-333 SEYMOUR STREET
VANCOUVER, BC V6B 5A6
T 604 638 2121 F 604 638 2122
FORMRETAIL.CA
The information contained herein was obtained from sources
which we deem reliable and while thought to be correct, are
not guaranteed by Form Retail Advisors inc.
FORM RETAIL ADVISORS INC.