Multi-Tenant Retail Strip Center_Property for Sale

794 Rue Fréchette, Longueuil, QC, J4J 5C9, CA

Multi-Tenant Retail Strip Center

Asset Description

Located in Longueuil, 774-794 Fréchette ("The Property") is a commercial property strategically positioned in a prime location.

The Property boasts a Gross Leasable Area (GLA) of 10,129 square feet and is situated on a spacious 31,456 square foot lot.

Currently 88% leased, the Property offers attractive and resilient long-term cash flow. A significant portion of the tenant roster consists of medical tenants, enhancing the stability of the income stream.

The Property presents a value-add opportunity through potential reduction of the vacancy rate and closing the substantial gap-to-market (31%) on existing rents. Larger tenants have renewal options at market rental rates, reinforcing the property's capability for improving long-term cash flow.

Its proximity to Pierre Boucher Hospital, CLSC de Longueuil Ouest, and CLSC Simonne-Monet-Chartrand makes this an ideal location for medical auxiliary services, further solidifying its appeal to healthcare-related tenants.

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Attributes

Occupancy

88%

Tenants

56% medical

Year built

1978

Land area gross

2,922 m²

Media

Investment Highlights

Property is 88% leased, offering attractive, resilient long-term cash flow
Current tenant roster includes 56% of medical tenants
Value-add potential through vacancy reduction and closing rent gap-to-market (31%)
Nearby healthcare facilities make this location ideal for medical auxiliary services
Larger tenants' market-rate renewal options boost property's long-term cash-flow potential
Ample parking for visitors