The Property is located directly off the QEW and Ontario Street (Regional Road 18) interchange in Beamsville, Ontario. Being at the midpoint between Hamilton and St. Catharines along this stretch of the QEW, the Property is positioned to service over 100,000 vehicles that pass through per day for fuel and quick service restaurant sit down and drive thru offerings. New investment & development is steadily increasing in Lincoln Township partly due to the promise of expanded Go Train service to the Niagara region including a potential new GO Train station in Beamsville. The Property will undoubtedly benefit from the new residential development already occurring in this node and it will continue to benefit from future growth projected for this region.
The main building acts as a food court with shared seating and bathroom facilities for all tenants while Tim Hortons and A&W both have their own convenient drive-thrus. The continued growth of the Niagara region will result in increased traffic and growing sales at this Property. Sales growth will lead an increase in net operating income on lease renewal/rollover over the next few years. The Property will be delivered free and clear of any debt giving investors the opportunity to utilize today’s attractive interest rate environment and use positive leverage to increase overall returns.
Interested parties that have signed the Confidentiality Agreement will be given access to the data room.
Détails sur la propriété
Détails de la transaction
- Property sold. Please contact the listing agent for more information.