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GROCERY ANCHORED
INVESTMENT OPPORTUNITY
TILLSONBURG GATEWAY CENTRE
670 - 680 BROADWAY STREET, TILLSONBURG, ON
R E TA I L I N V E S T M E N T G R O U P
Brad Walford*
Sales Associate
416 495 6241
[email protected]
Sean Comiskey*
Sales Associate
416 495 6215
[email protected]
Laura Hilderley
Client Services Assistant
416 495 6274
[email protected]
*Sales Representative
CBRE Limited | 2001 Sheppard Avenue East, Suite 300 | Toronto, ON M2J 4Z8 | www.cbre.ca
FOR SALE
TILLSONBURG, ON
TILLSONBURG GATEWAY CENTRE
Tillsonburg Gateway Centre was constructed in 2003 and has been institutionally managed since that time. It is anchored by
a 40,566 sq. ft. Sobeys grocery store with a second 5,100 sq. ft. building occupied by Subway and Anytime Fitness. The 8.28
acre site also includes a Pioneer Gas Station providing a high level of traffic. The entrance to the Property benefits from a
signalized intersection allowing for easy access from all directions. The Property is fully occupied with strong leases in place
that include contractual rental increases over the next 3 years. The weighted average lease terms based on income for the
Property is 6 years and 3 months, providing investors with stable income from a strong roster of tenants.
P R O P E R T Y D E TA I L S
SITE AREA:
8.28 acres
LEASEABLE AREA:
47,016 square feet
OCCUPANCY:
100%
CAP RATE:
6.47%
ZONING:
SC-4 Service Commercial Zone
NOI:
$711,204.90
EXISTING MORTGAGE:
Free and Clear
ASKING PRICE: $11,000,000
SUBJECT PROPERTY
June 2016. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE
does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance
upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective
owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
R E TA I L I N V E S T M E N T G R O U P
Brad Walford*
Sales Associate
416 495 6241
[email protected]
Sean Comiskey*
Sales Associate
416 495 6215
[email protected]
Laura Hilderley
Client Services Assistant
416 495 6274
[email protected]
*Sales Representative
CBRE Limited | 2001 Sheppard Avenue East, Suite 300 | Toronto, ON M2J 4Z8 | www.cbre.ca