559 Old Hope Princeton Way, Hope, BC

The Vendor has exclusively retained Form Real Estate Advisors Inc. (the “Agent”) to facilitate the sale of its 100% freehold interest in 559, 559A, 575 & 583 Old Hope Princeton Way, located in the district municipality of Hope, BC (the “Subject Property”). The Subject Property is a grocery and liquor anchored investment opportunity at the confluence of major Highways 3,5,7 and Highway 1 (Trans-Canada) which connects British Columbia east to west and north to south.

Secure and stable income with Save-on-Foods and Chevron (land lease for Future Car Wash) accounting for 82% of the base rental revenue

Undeveloped vacant land offers ability for additional retail development, can accommodate a drive-thru

Adjacent Chevron gas station currently holds a land lease on an undeveloped portion of the Subject Property, with future plans to develop an automated car wash

Asking Price: $9,280,000 (4.56% cap rate)

Curtis Leonhardt

Vice President

Curtis Leonhardt has been involved in commercial real estate for more than eight years. Since joining Form, he’s focused on representing both buyers and sellers of income-producing retail assets and commercial land throughout B.C. – transacting in excess of $250 million in sales in the last five years. One of his areas of specialization is representing buyers and sellers in the purchase and sale of strong covenant freestanding buildings. In the last two years, Curtis has successfully transacted over a dozen single-tenant properties, including freestanding bank branches, large-format pharmacies and national restaurants in various regions, including the B.C. Interior, Lower Mainland, Northern B.C., Alberta and Vancouver Island.

Jon Buckley

Principal

Jon Buckley focuses exclusively on retail investment sales and has become one of the top investment brokers for retail related assets in British Columbia. With more than 10 years’ experience in commercial real estate, Jon has an intimate knowledge of the retail landscape in B.C, allowing him to work extensively with groups at both the private and institutional levels. Jon has brokered a multitude of investment transactions, including enclosed shopping centres, anchored strip malls and plazas, street-front retail properties, mixed-use development sites, single-tenant assets and hotels. Jon entered the industry as a financial analyst for a leading investment properties group, successfully underwriting more than $2.5 billion in total transaction volume during his first two years in the industry. Prior to co-founding Form Real Estate Advisors, he worked at a multinational commercial brokerage firm on a national investment team.