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31 King St E - FOODLAND

10,173 SF Retail Building

ABOUT 31 King St E , Kawartha Lakes, ON K0L 2W0

Price Not Individually For Sale Building Class C
Building Size 10,173 SF Lot Size 0.33 AC
Property Type Retail Tenancy Single
Property Subtype Freestanding
Price Not Individually For Sale
Building Size 10,173 SF
Property Type Retail
Property Subtype Freestanding
Building Class C
Lot Size 0.33 AC
Tenancy Single

Executive Summary

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 134, 258 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.

  • Listing ID: 9906815

  • Address: 31 King St E, Kawartha Lakes, ON K0L 2W0

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