描述

JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Pioneer Square (the “Property”), a high performing retail centre located at the intersection of Pioneer Line and St. Clair Street (Highway 40) in Chatham, Ontario. Comprised of 58,789 SF, the Property is fully leased to a diverse tenant mix of needs-based and service-oriented tenants, and is anchored by Best Buy, Staples, Boston Pizza, and Starbucks. Pioneer Square offers the investor secure future cash flow with a weighted average lease term of 3.9 years, and national tenants occupying over 93% of GLA. The site is further enhanced by a pad that provides opportunity for additional retail development.

Situated in Chatham’s most dominant retail note, the Property is shadow-anchored by The Home Depot, sharing access to provide seamless traffic flow between them. Pioneer Square offers premium frontage and visibility along St. Clair Steet (Highway 40), one of the region’s primary arterial thoroughfares, connecting Chatham to Sarnia to the north. This commercial node is home to the country’s top national retailers and is in close proximity to an abundance of residents with over 36,500 people living within a 5 km radius.

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属性

建筑净面积

5,462 平方米

Site Area

12.46 acres

占用率

100%

National Tenants

93.2%

加权平均未到期租赁期

3.9 年

媒体

投资亮点

Strong Financials: Comprised of 58,789 SF, the Property is fully leased and boasts a healthy weighted average lease term of 3.9 years with national tenants representing over 93% of GLA.
Strategic Location: Situated on an expansive 12.46 acre lot in Chatham’s most dominant retail node, surrounded by the country’s top national retailers including Walmart Supercentre, Real Canadian Superstore, and The Home Depot.
Well-Designed Asset: The Property is well-designed with multiple access points, prominent signage, and is shadow-anchored by The Home Depot, with shared access that creates seamless traffic flow between the two properties.
Carefully Curated Tenant Mix: The Property is fully leased to a strong roster of national tenants including Best Buy, Staples, Boston Pizza, Starbucks, KFC, Pita Pit, and Stacked Pancake House.
Adjacent Development: The Property is positioned to benefit from the approved 774-unit residential development at 770 St. Clair, with the first ~209-unit tower to follow site plan approval.
Pad Development Opportunity: Pad development upside available beside Staples building, providing the investor with the opportunity to significantly increase future cash flow.