Major anchored open format retail centre on high exposure corner

rentable area of 60,907 SF

 

Centrally located, Major anchored retail center in London, Ontario

• Centrally located in neighbourhood within close proximity to multiple residential neighborhoods.

• Strong visibility at corner with high daily traffic volume.

• Easily accessible site with multiple entry points from three municipal roads.

• Ample parking ratio of 4.96 per 1,000 SF

 

Strong anchor tenants with 45 years of Occupancy

• 60% of the rentable area is occupied by a long-tenured, established retailer

• The Property’s 5km trade area covers 27% of London’s total population.

• Average tenant occupancy of 30 years indicates the Property is highly desirable among tenants. Stable cashflow with an opportunity to increase income

• Weighted average lease term (WALT) of 4.22 years provides near-term cash flow security.

• Opportunity to grow rents/improve tenant mix as leases expire over time.

• Corner property totaling 5.56 acres providing potential opportunities for redevelopment and/or expansion.

• Lot Size 5.56 acres (25% coverage)
• NOI: $652,313.97
• Rentable Area 60,907 SF
• Anchor Tenant 36,645 SF (60% of Rentable Area)
• Parking/Ratio 302 stalls 4.96 stalls per 1,000 SF of Rentable Area
• Year Built 1977
• Zoning CSA1 Total Occupancy 100%
• Access Points Four access points
• On-Site Bus Stop