Form Retail Advisors is pleased to announce the successful lease-up of 120 & 144 Old Vernon Road in Kelowna, BC (the “Subject Property”). Form initially represented the landlord – Serracan Properties – in purchasing the Subject Property through a court-ordered sale in 2015. Form subsequently represented McDonald’s Restaurants of Canada (“McDonald’s”) to lease the Subject Property on a 20 year basis. The Subject Property, once complete, will be improved with a 4,260 SF freestanding quick-service restaurant with a dual lane drive-thru.
- Prominent location at the intersection of Highway 97 and Old Vernon Road (“Reid’s Corner”).
- Highway 97 is the Okanagan Valley’s main transit route and is currently undergoing substantial road improvements and widening at Reid’s Corner.
- The Subject Property is a one acre site with excellent highway exposure.
- 100% leased to McDonald’s with corporate covenant.
We pride ourselves on local consumer knowledge and our recognized ability to identify and secure the best national, regional and independent retailers. Form Real Estate Advisors works with property owners to lease current and upcoming vacancies, as well as re-leasing properties requiring rejuvenation.