Property Information:
Prime Real Estate Brokerage is pleased to present the incredible opportunity to acquire a high-profileAAA commercial development site in picturesque Dunnville Ontario. This site is already 100% leased withlong-term commitments from Shoppers Drug Mart, Taco Bell, and Burger King. The Property is 3.21 acreslocated in the primary commercial node occupying the northwest corner of the intersection of BroadStreet East (Hwy 3) and Ramsey Drive and is surrounded by top national retailers including Tim Hortons,Home Hardware, Sobeys, and Canadian Tire. As the Buyer you will benefit from considerable developmentwork already completed by the Seller essentially delivering a shovel-ready development project that anyprudent investor/developer would be proud to have in their portfolio. This includes the full suite ofreports required through the SPA process, including but not limited to hydrological, geotechnical,environmental, archeological, noise impact study, traffic impact study, and a complete engineereddrawings package. Importantly, the Seller has already negotiated favorable leases with built-in rentescalations and 10-15-year initial terms with the three national tenants, offering long-term stabilityand predictable returns. The Seller has also negotiated a construction contract with the expectation tobreak ground in March-April 2024. Access to a comprehensive data room will be provided upon signing aconfidentiality agreement.
