The Pen Centre | 221 Glendale Ave
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The Pen Centre 221 Glendale Ave
999,157 SF 100% Leased Retail Building St Catharines, ON L2T 2K9 For Sale
Investment Highlights
- The Property is anchored by industry leading retailers
- Material future development potential
- Offering provides prospective purchasers a rare opportunity to acquire a high quality, well tenanted asset with robust cashflow
Executive Summary
For sale a 100% freehold interest in Niagara Pen Centre (the “Property” or “Offering”), a regionally dominant shopping centre located at 221 Glendale Avenue, St. Catharines, Ontario. Boasting a deep roster of best-in-class tenants, the Property is anchored by industry leading retailers including Hudson's Bay, Walmart, Zehrs (Loblaws), Landmark Cinemas, Homesense, Winners, and Sport Chek. Other notable tenants include Mark's, Sephora, Lululemon, Shoppers Drug Mart, Service Canada, and Dollarama. The Offering provides prospective purchasers a rare opportunity to acquire a high quality, well tenanted asset with robust cashflow and material future development potential.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
999,157 SF
Building Class
C
Year Built
1980
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
8 Exterior
Building FAR
0.36
Land Acres
63.90 AC
Parking
3,000 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
395 FT on Glendale Ave
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
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The Pen Centre | 221 Glendale Ave
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