Taylor's Crossing

Located at 1025 Marine Drive, North Vancouver, the Property is strategically positioned in the District of North Vancouver on the high-profile signalized corner of Marine Drive and Mackay Road. The generous 1.21 acre (52,745 sf) site is improved with a highly-visible two-storey retail asset that provides excellent signage opportunities and robust pedestrian and vehicle traffic to its tenant base, with over 35,000 vehicles per day passing the asset on Marine Drive.

Taylor’s Crossing stands out as a premier retail destination, offering 45,455 sf of Class A space within its modern brick facade. The Property boasts a diverse mix of six credit-worthy and predominantly national brand tenants, including Planet Fitness, Kids & Company, Angry Otter Tap & Forno, Opus Art Supplies, Dairy Queen, and Red Wing Shoes. Currently 100% occupied with a robust weighted average lease term (WALT) of 4.75 years, Taylor’s Crossing ensures consistent cash flows with the ability to increase rents to market in the medium term.

Furthermore, the Property is currently designated Commercial Residential Mixed Use Level 1 within the District of North Vancouver OCP, permitting densities up to 1.75x FAR for mixed-use development. In the long term, the area is poised to be impacted by several development catalysts that aim to reimagine the area into a higher-density transit-oriented node. These include the recent pre-application by QuadReal to develop their 16.5 acre Capilano Mall property and ongoing studies at the municipal level regarding increased transit (Skytrain, LRT, BRT) on the North Shore.

Interested parties will be required to execute and submit the Confidentiality Agreement (CA link below) prior to receiving detailed information about the Property: https://images.hello.jll.com/Web/JLLAmericas/%7Bef4e646c-d3c6-4a1f-b514-edcd2f83bc33%7D_Taylor's_Crossing_CA___Disclosure_Forms_10232024.pdf