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FoodLand Portfolio Sale

12 Retail Properties in Multiple Locations

Investment Highlights

  • Total GLA of 129,353 SF
  • 100% leased
  • National Covenant
  • 12 freestanding properties
  • NNN Leases

Executive Summary

Colliers National Investment Services is pleased to offer for sale a 100% freehold interest in a portfolio of 12 freestanding
grocery stores located in the provinces of Ontario, Nova Scotia, New Brunswick and Newfoundland. The portfolio comprises a
total GLA of 129,353 SF and each freestanding grocery store is leased on a long-term and fully net basis to Sobeys, providing a
strong and secure cash flow. Sobeys operates under the Foodland banner in Atlantic Canada and certain parts of Ontario.
The properties are situated in rural communities and occupy prime locations on the major commercial arteries in the heart of each
town. The portfolio is leased to the dominant grocery store catering to the daily shopping needs of each community. Two of the
Foodland grocery stores in Newfoundland and two in Nova Scotia sublease a portion of their premises to liquor stores, retail
branches operated by the provincial crown corporation Newfoundland Labrador Liquor Corporation (NLLC) and Nova Scotia Liquor
Corporation, respectively. The liquor stores further strengthen the customer draw to the properties.
This real estate investment offering provides a fantastic opportunity for investors to own a Sobeys-anchored retail portfolio in
EasternCanada that provides secure-cash flow and rental growth at predetermined rates upon lease rollover.

Property Facts

Sale Type Investment
Status Active
Number of Properties 12
Individually For Sale 0
Total Building Size 133,184 SF
Total Land Area 1.48 AC
  • Listing ID: 30044819

  • Date on Market: 11/13/2023

  • Last Updated:

  • Address: FoodLand Portfolio Sale, Iroquois Falls, ON

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