FOR SALE - HM Commercial Group

FOR SALE
                          Anderson Crossing,
                          Vernon, BC

PROPERTY DETAILS
•   Leased with strong National Tenants
•   Secured with long term leases
•   42,749 SF GLA on 3.34 acres
•   Adjacent to Home Depot, Superstore (Walmart, Rona, Canadian Tire, SportChek, Save On Foods within 1km)
•   PRICE: $20,750,000 (5.16% Cap Rate on Stabilized Net Income)

FOR SALE
Anderson Crossing,
Vernon, BC

HM Commercial Group is pleased to present the rare opportunity for a leased shopping centre anchored
by The Brick, Bulk Barn and Red Robin Gourmet Burgers and Brews.

5601 Anderson Way is located in a developing area of the city just off of Highway 97 and 27th Street, Ver-
non’s main thoroughfares. Anderson Crossing is also in close proximity to other centres and major tenants
such as Village Green Mall, Real Canadian Superstore, Wal-Mart and Rona.

Benefits:

•   Leased with strong National Tenants

•   Secured with long term leases

•   42,749 SF GLA on 3.34 acres

•   Adjacent to Home Depot, Superstore (Walmart,
    Rona, Canadian Tire, SportChek, Save On Foods
    within 1km)

•   1.8% Annual growth rate in the City of Vernon

PRICE: $20,750,000
(5.01% Cap Rate on Stabilized Net Income)

                                                                                 ANDERSON CROSSING      2

PROPERTY DETAILS

CIVIC ADDRESS         5601 Anderson Way, Vernon, BC

LEGAL DESCRIPTION     Lot 2 Plan KAP76912 District Lot 10 Township 8 Land District 41

PID                   026-124-394

GROSS LEASABLE AREA   42,749 SF

# OF UNITS            12

LAND AREA             3.336 Acres / 145,316 SF

ZONING (CURRENT)      CD1, Comprehensive Development Area 1

FUTURE LAND USE       CCOM, Community Commercial

PROPERTY TAXES        $254,161 (2019)

                                                                              ANDERSON CROSSING   3

FINANCIALS/RENT ROLL

                       ANDERSON CROSSING   4

AERIAL MAP
Located in a developing area of the city just off of Highway 97 and
27th Street, Vernon’s main thoroughfares. This area is growing with
strong retail tenants nearby with easy access from the highway and
high exposure.

                                                                      ANDERSON CROSSING   5

VERNON & AREA

Vernon is the commercial hub of the North Okana-
gan, nestled among three spectacular lakes and
grassland foothills. The area is easily accessible
by a variety of highways and air, with the Kelowna
International Airport just 25 minutes away. Vernon’s
strategic location at the heart of the North Okanagan
has made it the economic hub for the region, serving a
regional population of over 100,000.

With three breathtaking recreational lakes, hot
summers and mild winters, a wealth of recreation,
and Silver Star Mountain Resort under 30 minutes
away, it’s no wonder Vernon attracts businesses and
residents from across the country.

ESTIMATES                                                 5 MIN    10 MIN            20 MIN
Total Population (2016)                                  18,015    38,656            56,968
Projected Population (2021)                              18,553    39,865            58,897
Total Households (2016)                                   7,935    16,546            23,504
Projected Households (2021)                               8,111    16,977            24,186
Average Household Income (2016)                          $68,161   $77,127           $87,446
Projected Household Income (2021)                        $81,173   $91,545           $103,722

                                                                             ANDERSON CROSSING   7

THE FINE PRINT
                 This document/email has been prepared by HM
                 Commercial Group for advertising and general
                 information only and 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.

                 We assume that the property is free of any
                 environmental condition that would negatively
                 impact the market value of the property. Unless
                 otherwise stated, we have not performed a review
                 of title, nor any encumbrances that appear on title.
                 We are not Lawyers, nor Accountants and thus are
                 not qualified to provide legal or accounting advice.

                 Any interested party should undertake their own
                 inquiries as to the accuracy of the information.
                 HM Commercial Group 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 publication is the copyrighted property of HM
                 Commercial Group and /or its licensor(s).

                 HM Commercial Group is a team of Real
                 Estate Professionals licensed with Macdonald
                 Realty Kelowna.

                                                  ANDERSON CROSSING      8

LEADERS IN
                           COMMERCIAL REAL ESTATE

                            T (250) 712-3130
                            F (250) 860-1600
                            E info@hmcommercial.com
                            HMCOMMERCIAL.COM
                            Macdonald Realty Kelowna
                            2700 Richter St. Kelowna, BC V1Y 2R5

This document/email has been prepared by HM Commercial Group (Macdonald Realty Kelowna) for advertising and general information only. HM
Commercial Group 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.