FOR SALE - HM Commercial Group
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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 (5.0% 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
(5.0% 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
FINANCIALS/TENANTS
FINANCIAL SUMMARY
Base Rental Income for 2021 $1,073,245
Pylon Sign Income for 2021 $20,820
Sub-Total $1,094,065
less: Est'd Non-Recoverable Expenses -$24,000
Sub-Total $1,070,065
less: Vacancy Allowance (3.0%) -$33,134
Stabilized Net Income $1,036,930
List Price $20,750,000
Capitalization Rate 5.00%
Pure Yield 5.16%
Leveraged Returns (25 Yr AM, 2.6% Interest) 75% LTV 60% LTV
Down Payment $5,187,500 $8,300,000
Equity Required $15,562,500 $12,450,000
Mortgage Pmt/Month (P&I) $70,602 $56,482
Principal Paydown each year $442,603 $354,082
ROI after Principal Reduction 13.53% 9.26%
ROI after P.R. & Capital Appreciation (2%/Annum) 21.69% 14.3%
TENANT SUMMARY
Leasable Area
Tenant Name (Sq.Ft.)
The Brick Warehouse 22,756
Bulk Barn 3,654
Future Demised Unit (avail June, 2021) 1,047
Blended Buds Cannabis 2,022
Great Canadian Oil Change 1,648
Edward Jones 1,200
Cora Breakfast and Lunch 3,400
National Hearing Services 1,032
Red Robin 5,600
Total Leaseable Area 42,359
ANDERSON CROSSING 4
ANDERSON CROSSING - PAGE 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
SITE PLAN
ANDERSON CROSSING 6
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 8
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 9
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.You can also read
