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  • Vendu
Grocery Anchored Retail Centre - #1
Grocery Anchored Retail Centre - #2
Grocery Anchored Retail Centre - #3
Grocery Anchored Retail Centre - #4
Grocery Anchored Retail Centre - #5
Grocery Anchored Retail Centre - #6
Grocery Anchored Retail Centre - #7
Grocery Anchored Retail Centre - #8
Colliers International is pleased to offer for sale a grocery anchored retail asset located at 670 Airport Road, Timmins, Ontario (“the Property”). The Property represents a great opportunity to acquire a fully leased centre with a highly coveted Foodland tenancy. The asset also benefits from a long term net lease from its lead tenant and is well positioned in an established area of the City.

The Property is located in the north end of Timmins, is the midpoint between the Downtown area and Timmins Victor M. Power Airport, and is connected to the rest of the City via a new secondary bridge slightly further north. Situated in a family oriented area of the City, the Property is surrounded by a number of local schools, has little direct competition in the immediate area, and is well positioned to continue to service this captive residential neighbourhood for the foreseeable future. The Property also sits a short distance from an area set for further residential intensification by the City due to the increase in mining and investment activity in the area.

As the Property will be delivered free and clear of financing, investors can take advantage of a stable asset with solid returns, occupants on net leases, and a strong, Sobeys backed lead tenant securing 70% of the total revenue for the foreseeable future.

Interested parties that have signed the Confidentiality Agreement will be given access to the data room.
  • 09-09-2021
  • Property Sold. Please contact the listing agent for more information.