Aurora Mills_Property for Sale
Aurora Mills_Property for Sale
175 Melvin Robson Avenue, Aurora, L4G 7B4, CA

Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to present the opportunity to acquire a 100% freehold interest in 10-40 Melvin Robson Avenue (the “Property”), a newly constructed, fully occupied multitenant retail plaza strategically positioned in Aurora, Ontario. The Property comprises 5,366 square feet (“SF”) of purpose built quick-service restaurant (“QSR”) retail space with two drive-thru’s and 100% leased to three nationally recognized tenants: Dairy Queen, Starbucks, and Carbone Pizza. Investors will benefit from stable, long-term income underpinned by a weighted average lease term (“WALT”) of 8.1 years, complemented by built-in rental escalations.


The Property occupies a prominent 1.39-acre corner lot along Leslie Street, a primary arterial corridor in Aurora offering exceptional visibility and frontage. In proximity to Highway 404, the Property affords seamless connectivity to the Greater Toronto Area, Newmarket, and surrounding York Region communities. The surrounding trade area is characterized by an affluent, growing residential population, with several new residential developments in the immediate vicinity further supporting long-term consumer demand.

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Attributes

Building area net
1,088 sm
Occupancy
100%
Year built
2024
WALT
8.1 years

Media

Investment highlights

  1. 100% leased to national retailers: Dairy Queen, Starbucks, Carbone Pizza
  2. Long-term stability with 8.1 years average lease term
  3. Carefree NNN leases provide passive income; tenants cover operational costs
  4. Strategically positioned on 1.39-acre corner lot, Aurora's primary corridor
  5. Exceptional visibility and frontage along Leslie St; high traffic exposure
  6. Proximity to Highway 404 enhances regional connectivity
  7. Surrounded by growing affluent demographics; avg. income $149,634
  8. New construction 2024: low-maintenance, minimal capital expenditures
  9. Drive-thru formats create higher renewal rent potential
  10. Future growth from surrounding residential developments
Aurora Mills 4_Property for Sale
Aurora Mills 4_Property for Sale

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Aurora Mills (0 Properties)

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Last updated
Apr 16, 2026