215 Delta Park Blvd, Brampton, ON, L6T 0H9, CA

Delta 7 Centre

Asset description

JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Delta 7 Centre (the “Property”), a neighbourhood retail plaza situated on 2.36 acres in Brampton, Ontario. Comprised of 26,732 SF, the plaza is fully leased to a diverse mix of needs-based and service-oriented tenancies. Home Hardware, Canada’s largest dealer-owned and operated home improvement retailer, has anchored the Property since its construction in 2014. Other notable tenants include Denny's, Delta Park Dental, Sakura Medical Centre, Subway, Fat Bastard Burrito and CAA. The Property offers the investor secure future cash flow with a weighted average lease term of 4.7 years.

Delta 7 Centre is located on the southeast corner of Queen Street East and Delta Park Boulevard, where it benefits from premium access and visibility. The Property is surrounded by densely populated and affluent residential neighbourhoods with over 200,000 residents living within a 5 km radius of the site, while being near an abundance of the country’s top national retailers drawing visitors from across the city. The Property is well-designed with ample parking and multiple access points, with convenient access to Highway 407, less than 3 km away.

The Property is situated along the proposed Queen Street-Highway 7 bus rapid transit (Q7BRT) which will allow transit riders to travel from the west end of Brampton, all the way to Vaughan Metropolitan Centre on one bus, with stops connecting to other regional networks such as GO Transit, and the TTC subway.

Interested parties will be required to execute and submit the Confidentiality Agreement (CA link below) prior to receiving detailed information about the Property: https://hello.jll.com/Delta7CentreBramptonON

...

Attributes

Building area net

2,483 sm

Occupancy

100%

Year built

2014

WAULT

4.7 years

Media

Investment highlights

Premium Accessibility: The Property benefits from having premium visibility and exposure along Queen Street East, one of Brampton’s primary arterial thoroughfares, with multiple public transit routes servicing the corridor.
Strategic Location: Delta 7 Centre is situated on a 2.36 acre corner lot, adjacent to Woodhill Centre, a prominent power centre anchored by The Home Depot and Giant Tiger, which draws consumers from across the region. It is surrounded by densely populated residential neighbourhoods with over 200,000 residents living within a 5 km radius.
Secure Anchor With Tremendous Rental Rate Upside: Home Hardware, Canada’s largest dealer-owned and operated home improvement retailer, has anchored the Property since its construction in 2014 and is the only location in Brampton. Market rent for this unit is estimated to be over 10x its current rate.
Well-Designed Asset with Significant Future Upside: Delta 7 Centre is situated along the proposed Queen Street- Highway 7 bus rapid transit (Q7BRT) which will allow transit riders to travel from the west end of Brampton, all the way to Vaughan Metropolitan Centre on one bus, with stops connecting to other regional networks such as GO Transit, and the TTC subway.