NOW LEASINGHIGHWAY 99 AND 16TH AVENUE

SOUTH SURREY, BC

FORM RETAIL ADVISORS INC.

White RockWhite Rock

Campbell Heights and Langley

Campbell Heights and Langley

16 Avenue

King

Georg

e Boulevard

Future Signalized Intersection

All Directional Hwy Interchange

Highw

ay 99 (62,095 VPD)

Southridge School

Grandview Heights Aquatic Centre

24 Avenue

SUBJECT SITE

NOW LEASINGLARGE FORMAT RETAIL OPPORTUNITIES

HIGHWAY 99 AND 16TH AVENUE SOUTH SURREY, BC

JACK ALLPRESS*604 638 1975jallpress@form.ca

DAVID MORRIS*604 638 2124dmorris@form.ca

*Personal Real Estate Corporation

MICHAEL HECK604 398 4379mheck@form.ca

NOW LEASINGHIGHWAY 99 AND 16TH AVENUE

SOUTH SURREY, BC

FORM RETAIL ADVISORS INC.

CIVIC ADDRESS Highway 99 & 16 Avenue (SW corner)

CURRENT ZONING Rezoning from RA to CD (based on C-8 and IB-3); Development Permit to permit a retail and business park development.

TRAFFIC COUNTS • Highway 99: 62,095 vehicles per day• Highway 16: 12,900 vehicles per day

GROSS LEASABLE AREA Approximately 348,200 SF

PARKING Surface Stalls: Approximately 115 Covered Stalls: Approximately 976Street Parking: Approximately 89Total Stalls: Approximately 1,180

ACCESS • Interchange at Highway 99 and 16 Avenue• Future controlled access on 16 Avenue

TIMING Q3 2020 (estimate)

AVAILABILITY 1,000 SF - 100,000 SF

OPERATING COSTS TBD

ASKING RATES Please contact listing agent

SALIENT DETAILS

US BORDER

6,000 +

CLOSE PROXIMITY TO THE

$114,557

ANTICPIATED NEW JOBS WITHIN HWY 99 CORRIDOR PLAN

HOUSEHOLD INCOME

WITHIN SOUTH SURREY

93,164POPULATION

PRIMARY TRADE AREA

USA

CANADA

HWY 99PROMINENT LOCATION

99BC

HIGHWAY

326,600 SFTOTAL RETAIL SPACE

OPEN

AVERAGE

PROPERTY OVERVIEW

The subject site is a rare opportunity to be part of a new retail development providing a dominant position to service both the existing population of South Surrey and the future growth area of Grandview Heights.

HIGHLIGHTS

• Surrey is one of the fastest growing cities in Canada with a population of 534,720 (2017) and is expected to grow an additional 7.5% by 2021

• Over 4,200 units of new residential development were accounted for in Surrey at the end of 2016 and already 2,500 units by the end of May 2017

• South Surrey is the most affluent area of Surrey with an average household income of $114,557 surpassing Surrey’s average household income of $101,850 and BC’s provincial average of $89,340

• Convenient connections to the United States through Peach Arch and Pacific Highway border crossing via Highway 99

• Surrey’s rapid growth still continues to provide affordable housing prices compared to other cities such as Vancouver, Richmond and Burnaby

MARKET OVERVIEW

Grandview Heights is a thriving up and coming neighbourhood within South Surrey. With 2 out of 5 neighbourhood concept plans approved, Grandview Heights has seen a rise in residential, commercial and industrial development in the area. Surrey’s Official Community Plan (OCP) was amended in 2001 to include a strong business development focus and policies to create a strong and sustainable local economy. Grandview Heights’ Highway 99 Corridor was identified as an attractive area for business, with the ability to achieve the OCP’s economic development targets. Highway 99 and 16 Avenue falls within the Highway 99 Corridor Plan. The Plan is intended to further strengthen Surrey’s business development focus and is expected to generate approximately $300 million to $350 million in new business property assessments and home to over 6,000 new jobs.

NOW LEASINGHIGHWAY 99 AND 16TH AVENUE

SOUTH SURREY, BC

FORM RETAIL ADVISORS INC.

Proposed UncontrolledAll Direction Intersection

Future Residential Development15 Avenue (Proposed Extension)

Parking StatisticsSurface Stalls: Approximately 115Covered Stalls: Approximately 976Street Parking: Approximately 89

Total Stalls: Approximately 1,180Parking Ratio 3.5 stalls per 1,000 SF

16th Avenue (12,900 VPD)

Highw

ay 99 (62,095VPD

)

Proposed Right In/Right Out

Future SignalizedIntsersection

Proposed UncontrolledAll Direction Intersection

LEVEL 1 GROUND FLOOR - SITE PLAN

NOW LEASINGHIGHWAY 99 AND 16TH AVENUE

SOUTH SURREY, BC

FORM RETAIL ADVISORS INC.

Proposed UncontrolledAll Direction Intersection

Future Residential Development15 Avenue (Proposed Extension)

16th Avenue (12,900 VPD)

Highw

ay 99 (62,095VPD

)

Proposed Right In/Right Out

Future SignalizedIntsersection

Proposed UncontrolledAll Direction Intersection

Parking StatisticsSurface Stalls: Approximately 115Covered Stalls: Approximately 976Street Parking: Approximately 89

Total Stalls: Approximately 1,180Parking Ratio 3.5 stalls per 1,000 SF

LEVEL 2 - SITE PLAN

NOW LEASINGHIGHWAY 99 AND 16TH AVENUE

SOUTH SURREY, BC

FORM RETAIL ADVISORS INC.

16th AveSOUTHSURREY

10-19-2017

1

AERIALVIEWS

VIEW LOOKING SOUTH

VIEW LOOKING NORTH

16TH AVENUE

16TH AVENUE

115 CARS216 CARS

89 CARS

HWY 99

HWY 99

THEATRE BOX ‘B’

OFFICE

BOX ‘A’ BOX ‘C’ MARKET BOX ‘D’ DEPT STOREOFFICE

Highway 99 (62,095 VPD)

16th Avenue (12,900 VPD)

Hig

hway 99 (62,095

VPD

)

16th Avenue (12,900 VPD)

16th AveSOUTHSURREY

10-19-2017

1

AERIALVIEWS

VIEW LOOKING SOUTH

VIEW LOOKING NORTH

16TH AVENUE

16TH AVENUE

115 CARS216 CARS

89 CARS

HWY 99

HWY 99

THEATRE BOX ‘B’

OFFICE

BOX ‘A’ BOX ‘C’ MARKET BOX ‘D’ DEPT STOREOFFICE

Highway 99 (62,095 VPD)

16th Avenue (12,900 VPD)

Hig

hway 99 (62,095

VPD

)

16th Avenue (12,900 VPD)

RENDERINGS

VIEW FROM 16TH AVENUE, LOOKING SOUTH

VIEW FROM HIGHWAY 99, DRIVING NORTH

NOW LEASINGHIGHWAY 99 AND 16TH AVENUE

SOUTH SURREY, BC

FORM RETAIL ADVISORS INC.

DEVELOPMENT MAP

NCP #5A NCP #5 NCP #4

NCP #3

NCP #1

NCP #2

32 Ave

20 Ave

24 Ave

16 Ave

184

St

168

St

164

St

172

St

No 99 Hwy

26 Ave

Hig

hway

15

160

St

156

St

180

St

28 Ave

King George Blvd 174

St

182

St

18 Ave

162

St

Croydon Dr

Lilac Dr

21A Ave

21 Ave

29A Ave

Cranley Dr

e

179

St

171

St

161

St

29 Ave

157

St

166

St

Hillview Pl

25 Ave

22 Ave

27 Ave

23 Ave

30A Ave

160A

St

31 Ave

15 Ave

30 Ave

165A

St

169

St

156A

St

e

Country Woods D

r

161B S

30B Ave

Tulip Dr

163

St

165

St

25A Ave

19A Ave

177

St

Pop ar Dr

28B Ave

161A

St

Northview Cr

167 S

t

170

St

158

St

Broome Rd

166A

St

McBeth Rd

Aster Rd

19 Ave

173

St

y

drona Pl

174A

St

Cum

bria Dr

adrona Dr

158A St

Redwood Dr

181

St

Mountain View Dr

26B Ave

162A StHelc Pl

155A St

175

St

159A St

Alder Pl

18A Ave

163A

St

178

St

159

St

26A Ave

27B Ave

183

St

Bowler Dr

170A

St

167A

St

23A Ave

167

St

18 Ave

167

St

156

St

164

St

18 Ave

171

St

29 Ave

nley Dr

Ave

23 Ave

St

31 Ave

170

St

155A

St

23 Ave

28 Ave

156A

St

172

St

167

St

160A

St

28 Ave

30B Ave

ve

180

St

170

St

165

St16A Ave

162A

St

169

St

21 Ave

22 Ave

26A Ave

163 St

16 Ave

26 Ave

27A Ave

158

St

160

St

155

St

18 Ave

31 Ave

23 Ave

170

St

174

St

166

St

167

St

21A Ave

27 A

ve

162A

St URBAN DENSITY

CLUSTER FORM

URBAN DENSITYCLUSTER FORM

REDWOOD PARK

REDWOOD ESTATES

SOUTHRIDGESCHOOL

SCIENCEOF THE SOUL

ALR BUFFER AND FUTURE STUDY AREA

TY OF SURREYDEVELOPMENT DEPARTMENT

tility Right of Way

LR Buffer

reenways

nkages

stitutional

eighbourhood Commercial

ublic Open Space and Park

uburban Single Family Residential

ultiple Residential (15 to 45 upa)

ansitional Density (2 to 4 upa)

rban Residential (4 to 15 upa)

chool/Park

ocal Park (2 to 4 AC)

ural

DARTS HILLPARK

SCIENCE OFTHE SOUL

SOUTH RIDGESCHOOL

TRE

E M

AN

AG

EME

NT

INTE

RFA

CE

32 Avenue

16

4 Street

1

26

30

2

3

4

5

6

7

8

9

10

11

12

13

29

39

40

41

34

33

32

37 36

35

25

31

38

27

28

1415

16 1718

19

20

2124 22

42

44

43

23

Vancouver-Blaine Hw

y / Hw

y 99 (62,095 VPD)

King George Boulevard

24 Avenue

Hw

y 15

/ Pacific H

way

GrandviewCorners

Morgan Crossing

South Point Exchange

16

0 Street

SUBURBAN SINGLE FAMILY RESIDENTIAL

URBAN RESIDENTIAL (4 TO 15 UPA)

MULTIPLE RESIDENTIAL (15 TO 45 UPA)

HIGHWAY 99 COMMERCIAL CORRIDOR

16th Avenue (12,900 VPD)

SUBJECT SITE

Grandview Central

RESIDENTIAL LAND USE DENSITY ASSUMPTIONS DWELLING UNITS POPULATION

AcresNet

AcresLow Med High Low Med High Low Med High

Multiple Residential

151 126 15 20 25 1,880 2,510 3,140 4,320 5,770 7,220

Suburban Residential

603 503 1 1.5 2 500 760 1,010 1,400 2,130 2,830

Transition Residential

160 144 2 3 4 290 430 580 810 1,200 1,620

Urban Res-idential

825 631 8 10 12 5,050 6,310 7,570 14,140 17,670 21,200

TOTAL 1,739 1,404 7,720 10,010 12,300 20,670 26,770 32,870

Current developments identified on the following page

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.

31.

32.

33.

34.

35.

36.

37.

38.

39.

40.

41.

42.

43.

44.

The Woods15588 32 Avenue; 96 Townhomes; Gramercy

The Smith2427 164 Street; 40 Townhomes; Ikonik Homes

Oliver Townhomes2855 158 Street, 57 Townhomes; Woodbridge Properties

South Ridge ClubMountain View Drive & 159 Street; 70 Townhomes; Adera

Westside at Orchard Grove 3107 160 Street; 50 Townhomes; Miracon

Hycroft 216467 24 Avenue; 30 Freehold Rowhomes; StreetSide Development

MORGAN by MOSAIC2, 3, 4 Bedroom Georgian Rowhomes; Mosaic Homes

Morgan Crest28 Avenue & 164 Street; 36 Homes; Benchmark Homes Ltd.

The Hamptons16437 23 Avenue; 117 Townhomes; Legendary Developments & Essence Properties

Notting Hill16520 24 Avenue; 49 Townhomes; Royale Properties Ltd.

The Heights2845 456 Street; 66 Condos; Lakewood

Hyde Park28 Avenue & 156 Street; 156 Townhomes; Zenterra

Sakura15688 28 Avenue; CastleHill Homes

Rezone to develop approximately 360 residential units (RM-45) and an assisted living development of approximately 158,600 SF floor area

Rezoning from RA to RF-12, RF-9 and RF-SD in order to allow subdivision into 36 single family small lots and 2 semi-detached residential lots.

Rezoning from RA - RF -12 and NCP Amendment to permit the subdivision into 13 residential lots

Rezoning from RA to RF-12, RF-10 and RF-SD to allow for subdivision into 19 single family lots

Application to rezone from RA to RF-12 in order to subdivide into 14 single family small lots

To permit rezoning from RA to RF-12 and subdivision into 73 single family lots

Application to rezone a portion from RA to RF-12 and RF for subdivision into 18 single family lots and create a parcel for parkland

Development Permit to permit the development of 6 single family small lots and 1 remnant lot.

To permit the development of 25 residential lots

The Estates at Southwood and Morgan Crest168 St & 22 Avenue; 59 single family homes; Benchmark Homes

Mundi/Hungerford Group; Application anticipated for townhouse + mid-rise residential development

Evolve2239 164a Street; 30 unit townhome; Essence Properties

Prescott Commons15168 33 Avenue; 122 units condo; Polygon Homes

South Point Walk Phase 2106 unit townhouse and condo; StreetSide Development

Old School15268 28 Avenue; 94 unit townhouse; Dawson & Sawyer

Zikron2528 156 Street; 46 unit townhouse; Hayer Properties

Olivia15717 Mountain View Drive; 37 unit townhouse; Woodbridge Properties

Kitchner101 unit townhouse; Mosaic Homes

Soho24 Avenue & 163 Street; 170 unit townhouse; Zenterra

Orchard Park168 Street & 25 Avenue; 50 unit townhouse; StreetSide Development

Edgewood Gate21 Avenue & 166 Street; 96 unit single family home; Foxridge Homes

Hudson41 unit townhouse; Ikonik Homes

Orchard Grove18 unit single family homes; Ikonik Homes

Quinn2325 164 Street; 31 unit townhouse; Mortise

Dawson’s Creek16321 15 Avenue; 80 unit townhouse; Dawson & Sawyer

South on 1615885 16 Avenue; 22 unit townhouse; Mortise

Rezoning from RA to RF-12, RF-10 and one remainder split-zoned lot (RF-SD, RF-12 and RF-10).; Development Variance Permit to allow subdivision into 18 single family lots. proposed Lot 26

Rezoning from RA to RF-12, RF-10 and one remainder split-zoned lot (RF-SD, RF-12 and RF-10).; Development Variance Permit to allow subdivision into 18 single family lots.

Rezoning from RA to CD ; Development Permit to permit the development of a 183-unit townhouse complex

Subdivision from four to 58 lots and 1 park lot

Pacific Heights18h Avenue and 168th Street; Approximately 129 RF-12 and RF lots; Canadian Horizons

NOW LEASINGHIGHWAY 99 AND 16TH AVENUE

SOUTH SURREY, BC

FORM RETAIL ADVISORS INC.

1. The Woods15588 32 Avenue; 96 Townhomes; Gramercy

2. The Smith2427 164 Street; 40 Townhomes; Ikonik Homes

3. Oliver Townhomes2855 158 Street, 57 Townhomes; Woodbridge Properties

4. South Ridge ClubMountain View Drive & 159 Street; 70 Town-homes; Adera

5. Westside at Orchard Grove 3107 160 Street; 50 Townhomes; Miracon

6. Hycroft 216467 24 Avenue; 30 Freehold Rowhomes; StreetSide Development

7. MORGAN by MOSAIC 94 units townhouse; Mosaic Homes

8. Morgan Crest28 Avenue & 164 Street; 36 Homes; Bench-mark Homes Ltd.

9. The Hamptons16437 23 Avenue; 117 Townhomes; Legend-ary Developments & Essence Properties

10. Notting Hill16520 24 Avenue; 49 Townhomes; Royale Properties Ltd.

11. The Heights2845 456 Street; 66 Condos; Lakewood

12. Hyde Park28 Avenue & 156 Street; 156 Townhomes; Zenterra

13. Sakura15688 28 Avenue; 75 units, townhouse; CastleHill Homes

14. Rezone to develop approximately 360 residential units (RM-45) and an assisted living development of approximately 158,600 SF floor area

15. Rezoning from RA to RF-12, RF-9 and RF-SD in order to allow subdivision into 36 single family small lots and 2 semi-detached residential lots.

16. Rezoning from RA - RF -12 and NCP Amendment to permit the subdivision into 13 residential lots

17. Rezoning from RA to RF-12, RF-10 and RF-SD to allow for subdivision into 19 single family lots

18. Application to rezone from RA to RF-12 in order to subdivide into 14 single family small lots

19. To permit rezoning from RA to RF-12 and subdivision into 73 single family lots

20. Application to rezone a portion from RA to RF-12 and RF for subdivision into 18 single family lots and create a parcel for parkland

21. Development Permit to permit the de-velopment of 6 single family small lots and 1 remnant lot.

22. To permit the development of 25 residen-tial lots

23. The Estates at Southwood and Morgan Crest168 St & 22 Avenue; 59 single family homes; Benchmark Homes

24. Mundi/Hungerford Group; Application anticipated for townhouse + mid-rise residen-tial development

25. Evolve2239 164a Street; 30 unit townhome; Essence Properties

26. Prescott Commons15168 33 Avenue; 122 units condo; Polygon Homes

27. South Point Walk Phase 2106 unit townhouse and condo; StreetSide Development

28. Old School15268 28 Avenue; 94 unit townhouse; Daw-son & Sawyer

29. Zikron2528 156 Street; 46 unit townhouse; Hayer Properties

30. Olivia15717 Mountain View Drive; 37 unit town-house; Woodbridge Properties

31. Kitchner101 unit townhouse; Mosaic Homes

32. Soho24 Avenue & 163 Street; 170 unit townhouse; Zenterra

33. Orchard Park168 Street & 25 Avenue; 50 unit townhouse; StreetSide Development

34. Edgewood Gate21 Avenue & 166 Street; 96 unit single family home; Foxridge Homes

35. Hudson41 unit townhouse; Ikonik Homes

36. Orchard Grove18 unit single family homes; Ikonik Homes

37. Quinn2325 164 Street; 31 unit townhouse; Mortise

38. Dawson’s Creek16321 15 Avenue; 80 unit townhouse; Daw-son & Sawyer

39. South on 1615885 16 Avenue; 22 unit townhouse; Mor-tise

40. Rezoning from RA to RF-12, RF-10 and one remainder split-zoned lot (RF-SD, RF-12 and RF-10).; Development Variance Permit to allow subdivision into 18 single family lots. proposed Lot 26

41. Rezoning from RA to RF-12, RF-10 and one remainder split-zoned lot (RF-SD, RF-12 and RF-10).; Development Variance Permit to allow subdivision into 18 single family lots.

42. Rezoning from RA to CD ; Development Permit to permit the development of a 183-unit townhouse complex

43. Subdivision from four to 58 lots and 1 park lot

44. Pacific Heights18h Avenue and 168th Street; Approximately 129 RF-12 and RF lots; Canadian Horizons

Total Single Family Dwellings: 665Total Townhouse Unit: 1,689Total Multifamily Units: 548Overall Total: 2,902

CURRENT DEVELOPMENTS COMPLETED & UNDERWAY

FORM RETAIL ADVISORS INC.

FOR SALE716 JOHNSON STREET, 723 PANDORA AVENUE, 532 FISGARD STREET

VICTORIA, BC

FORM RETAIL ADVISORS

FORM RETAIL ADVISORS INC. 1280-333 SEYMOUR STREETVANCOUVER, BC V6B 5A6

T 604 638 2121 F 604 638 2122FORM.CA

2017 ESTIMATES & PROJECTIONS

PRIMARY TRADE AREA

3 KM 5 KM 10 MIN

Population 93,164 36,067 68,119 63,818

Population Growth 2017 - 2022

6.2% 5.3% 5.6% 6.1%

Households 39,641 16,006 29,373 29,256

Average Household Income

$112,050 $97,929 $103,394 $103,049

The information contained herein has been prepared by Form Retail Advisors Inc. for advertising and general information only. Form Retail Advisors Inc. 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. Any interested party should undertake their own inquiries as to the accuracy of the information. Form Retail Advisors Inc. 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 communication is not intended to cause or induce breach of an existing listing agreement.

Population Dot Densitysurrey -

Legend Map

©Copyright 2014 - Tetrad Powered by Sitewise Pro

USA

SUBJECT SITE

16 Avenue (12,900 VPD)

Hig

hw

ay 9

9 (6

2,0

95

VP

D)

Future Signalized Intersection

All Directional Hwy Interchange

NOW LEASINGLARGE FORMAT RETAIL OPPORTUNITIES

HIGHWAY 99 AND 16TH AVENUE SOUTH SURREY, BC

PRIMARY TRADE AREA