For Lease · Retail

3620 Gellatly Road, West Kelowna

3620 Gellatly Road, West Kelowna, BC V4T2E6

$45.5 per sq ft / yr

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

84%

About this property

Rare opportunity to lease a standalone drive-thru in the heart of West Kelowna. Located at 3620 Gellatly Road, this approximately 2,619 SF building offers an existing drive-thru configuration, excellent exposure and convenient access to Highway 97. The property features substantial existing restaurant infrastructure, including 600-amp, three-phase electrical service, two gas-fired rooftop HVAC units, a dedicated gas-fired make-up air unit and an existing kitchen grease trap. Situated within a high-traffic commercial corridor surrounded by established national retailers, restaurants, services and growing residential neighbourhoods. Zoned C1 – Urban Centre Commercial, the property is ideally suited for a quick-service restaurant, cafe; or other food and beverage operator looking to establish a presence in this sought-after West Kelowna location. Contact the listing agents for further information or to arrange a viewing. (id:66811)

Financial sandbox

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Estimate
Purchase price$46
Down payment30% · $14
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$-0

Cash-on-cash

-1.36%

DSCR

0.93

Going-in cap

5.13%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

46,803

Households

16,489

Median income

$79,000

Median age

40.8

Daytime population

66,686

5-yr growth

5.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 3620 Gellatly Road, West Kelowna.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.