Learn more about this property online at:
https://www.collierscanada.com/p-can2003774
https://www.collierscanada.com/p-can2003774
- Sold
Colliers International is pleased to offer for sale a 100% freehold interest in a retail property located at 13070 Yonge Street, Richmond Hill, Ontario (the “Property”). This offering represents a generational opportunity to acquire a premier corner on Yonge Street in the rapidly growing City of Richmond Hill.
The Property is 100% occupied by Shoppers Drug Mart, Canada’s leading full-service drug store, and Imaginarium for Kids. Totaling 19,354 square feet, this quality retail building has tremendous corner exposure on the signaled intersection of Yonge Street and Aubrey Avenue with easy access points on both streets. The 1.83 acre site has 89 parking stalls with a loading dock for Shoppers and an outdoor play area for Imaginarium for Kids. The weighted average lease term is 9.75 years with rental steps in both of the leases. The Property was developed in 2003.
13070 Yonge Street provides an investor with the opportunity to acquire a newer format freestanding retail property with a strong national tenant and a superior location. The Property can be purchased free and clear of financing allowing an investor the opportunity to take advantage of the current low interest rate environment.
The Property is 100% occupied by Shoppers Drug Mart, Canada’s leading full-service drug store, and Imaginarium for Kids. Totaling 19,354 square feet, this quality retail building has tremendous corner exposure on the signaled intersection of Yonge Street and Aubrey Avenue with easy access points on both streets. The 1.83 acre site has 89 parking stalls with a loading dock for Shoppers and an outdoor play area for Imaginarium for Kids. The weighted average lease term is 9.75 years with rental steps in both of the leases. The Property was developed in 2003.
13070 Yonge Street provides an investor with the opportunity to acquire a newer format freestanding retail property with a strong national tenant and a superior location. The Property can be purchased free and clear of financing allowing an investor the opportunity to take advantage of the current low interest rate environment.
