The Retail at Jumar, Squamish

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 94.7% and a long-term WALT of 6.3 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.