For Lease · Retail

1115 Bernard Avenue, Kelowna

1115 Bernard Avenue, Kelowna, BC V1Y6R3

$38 per sq ft / yr

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Asset Class

Retail

Size

—

Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

100%

About this property

High-profile corner retail premises at the southeast corner of the signalized intersection of Bernard Avenue and Gordon Drive. Approximately 2,394 SF, currently configured as a convenience store, with an open retail area, service counter near the entrance, rear office, storage and an in-suite washroom. The retail area features ample lighting, large windows along the north and west elevations that provide excellent natural light and visibility, and an inviting entrance with double glass doors. Zoned TS1 – Transit Supportive Corridors. Prospective tenants should confirm that their proposed use is permitted. The adjacent office premises at 1117 Bernard Avenue, approximately 1,073 SF, are also offered for lease. Existing tenant to remove improvements and trade fixtures - condition to be confirmed once the Tenant has vacated. Premises is being measured to BOMA standards and the sizing will update once known. (id:66811)

Financial sandbox

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Estimate
Purchase price$38
Down payment30% · $11
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$-0

Cash-on-cash

-1.15%

DSCR

0.94

Going-in cap

5.20%

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

105,360

Households

37,336

Median income

$119,000

Median age

31.7

Daytime population

90,518

5-yr growth

4.4%

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

Secure deal room

Confidential diligence documents for 1115 Bernard Avenue, 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.