The Retail at Jumar, Squamish

38355 Cleveland Avenue, Squamish, BC, V8B 0J8, CA

描述

Jones Lang Lasalle Real Estate Services, Inc. (“JLL”) is please to present a rare opportunity to acquire 17,550 sf of income producing ground-floor retail area located within the recently constructed mixed-use development, Jumar (the “Property”).

The Retail at Jumar consists of 9 retail units across 3 individual strata lots, with in-place occupancy of 86.3% and a long-term WALT of 6.0 years. The tenant roster consists of a diverse range of service and food users including Eagle Kids Daycare, Oxygen Yoga, Steve’s Poke Bar, and Hellcrust Pizza. Notably, there are no contractual tenant expiries until August 2030 and the majority of leases have rent escalations remaining in the term.

Strategically located at the gateway to Squamish’s thriving and rapidly expanding downtown core, the Property encompasses expansive frontage onto both Cleveland Avenue and Buckley Avenue, with daily traffic of over 13,800 vehicles per day. The Property stands to benefit from Squamish’s rapidly growing population with estimated growth of 14.3% over the next 5 years, primarily accommodated by increased development in the downtown core and surrounding areas.

Squamish is ideally located between Vancouver (50 minutes) and Whistler (50 minutes) on the scenic Sea to Sky Highway (Highway 99). Known for its natural beauty, Squamish draws a highly educated population of outdoor enthusiasts with an attractive average household income of $155,279.

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属性

询价

¥60,883,000

建筑净面积

1,630 平方米

沃尔特

6 年

占用率

86.3%

建成年份

2021

单位数量

媒体

投资亮点

17,550 SF of High-Exposure Retail Area - The property features newly constructed (2021) retail space built to modern CRU specifications, high-exposure signage for tenants with 36 dedicated commercial parking stalls, and an attractive scale with stable in-place income profile.

86.3% Occupied by Diverse Tenant Mix - 35.2% of GLA is occupied by Eagle Kids Daycare with an opportunity to drive income through leasing 2 vacant units totaling 2,397 SF, while offering an attractive tenant mix of daycare, food, fitness, service, and wellness uses.

High-Traffic Downtown Location - Strategically located on Cleveland Avenue, the sole entry point to Downtown from Highway 99, the Property benefits from high traffic volumes of 13,800+ vehicles per day on Cleveland Avenue and 7,300+ on Buckley Avenue, with increased downtown development expected to further boost retail traffic.

Strata Flexibility in the Future - Care-free strata ownership/management at a listing price representing a significant discount to owner-user strata sales in downtown Squamish, with opportunity to stratify individual units upon vacancy or tenant rollover (subject to Purchaser's review).