Property Information:
Prime Real Estate Brokerage is pleased to present the incredible opportunity to acquire a high-profile\r\nAAA commercial development site in picturesque Dunnville Ontario. This site is already 100% leased with\r\nlong-term commitments from Shoppers Drug Mart, Taco Bell, and Burger King. The Property is 3.21 acres\r\nlocated in the primary commercial node occupying the northwest corner of the intersection of Broad\r\nStreet East (Hwy 3) and Ramsey Drive and is surrounded by top national retailers including Tim Hortons,\r\nHome Hardware, Sobeys, and Canadian Tire. As the Buyer you will benefit from considerable development\r\nwork already completed by the Seller essentially delivering a shovel-ready development project that any\r\nprudent investor/developer would be proud to have in their portfolio. This includes the full suite of\r\nreports required through the SPA process, including but not limited to hydrological, geotechnical,\r\nenvironmental, archeological, noise impact study, traffic impact study, and a complete engineered\r\ndrawings package. Importantly, the Seller has already negotiated favorable leases with built-in rent\r\nescalations and 10-15-year initial terms with the three national tenants, offering long-term stability\r\nand predictable returns. The Seller has also negotiated a construction contract with the expectation to\r\nbreak ground in March-April 2024. Access to a comprehensive data room will be provided upon signing a\r\nconfidentiality agreement. (id:27)
Building Features:
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Fireplace:
Yes
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Floor Space:
3.21