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Wheels Plaza 171 Keil Dr S

13,926 SF 100% Leased Retail Building Chatham-Kent, ON N7M 3H3 For Sale

Investment Highlights

  • Wheels Plaza comprises ±1.32 acres improved with a ±13,926 SF of retail space fully leased to four tenants, offering a stable income
  • Highway 401 is close by
  • Wheel’s Plaza represents a rare opportunity to acquire an income producing investment with potential for significant rental upside.

Executive Summary

CBRE Southern Ontario Investment Team is pleased to present for sale 171 Keil Drive (the “Property” or the “Wheels Plaza”), a retail investment opportunity in Chatham, Ontario. Wheels Plaza comprises ±1.32 acres improved with a ±13,926 SF of retail space fully leased to four tenants, offering a stable and diversified income stream. The Property is strategically located directly off of Highway 2, in proximity to Highway 401 and is shadow anchored by Chatham’s Cascades Casino and Holiday Inn, contributing to high levels of foot traffic and ideal exposure. Chatham’s retail industry is highly constrained and little new supply, contributing to increasing rents. Wheel’s Plaza represents a rare opportunity to acquire an income producing investment with potential for significant rental upside.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,926 SF
Building Class
C
Year Built
1973
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Land Acres
1.01 AC
Zoning
UC(HC1) - Property is zoned as UC(HC1), allowing for Retail, Hotel Development, Mixed Use Commercial Residential Building.
Frontage
194 FT on Richmond St

Nearby Major Retailers

Mr. Sub
Royal Bank of Canada
Swiss Chalet
Kelsey's
CIBC
Tim Hortons
United Rentals
Scotiabank
Starbucks
Planet Fitness
  • Listing ID: 33837263

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 171 Keil Dr S, Chatham-Kent, ON N7M 3H3

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