Descripción

Comprised of 30,195 SF, the plaza is currently 96.6% leased to a diverse mix of needs-based and service-oriented tenancies. Giant Tiger, a leading Canadian discount retailer with over 260 stores across the country, has anchored the Property since 2009. The Property offers the investor secure future cash flow with a healthy weighted average lease term of 4.4 years.

Golfdale Plaza occupies a strategic position at the northwest corner of Lawrence Avenue East and Scarborough Golf Club Road, a major east/west arterial thoroughfare in the GTA. The location offers exceptional connectivity through multiple daily bus routes, with convenient nearby vehicular access to Highway 401 to the north and Guildwood GO Station to the south. The Property is surrounded by densely populated residential neighbourhoods with over 18,500 residents living within a 1 km radius of the site, while being near an abundance of the country top national retailers drawing visitors from across the city.

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Atributos

Superficie neta construida

3670 m²

Año de construcción

1968

Superficie bruta del terreno

0 m²

Media

Aspectos destacados de la inversión

Premium Accessibility

The Property is located along Lawrence Avenue East, one of the GTA’s primary east/west thoroughfares. Golfdale Plaza is less than 3.5 km south of Highway 401 making this location easily accessible from across the city and region.

Significant Future Upside

The Property features multiple tenant leases with expirations at rates materially below current market levels (and in the case of Giant Tiger, only one fixed rate renewal remaining) presenting substantial reset-to-market opportunities and organic revenue growth potential upon lease renewal or re-tenanting.

Strong Financials

Comprised of 30,195 SF, the Property is 96.6% leased and boasts a healthy weighted average lease term of 4.4 years. The centre is anchored by Giant Tiger, which has been a longstanding tenant at the site since 2009.

Well Serviced by Public Transportation

The Property has excellent transit access via multiple bus routes along Lawrence Avenue East and Scarborough Golf Club Road, and Guildwood GO Station less than 3 km away, providing direct service to downtown Toronto on the Lakeshore East line.

Exceptional Demographics

The Property is surrounded by densely populated residential neighbourhoods with over 18,500 residents living within a 1 km radius, and over 121,000 within a 3 km radius.

Strategic Location for Eventual Redevelopment

Situated on an expansive 2.34 acre corner lot, the Property is primed for future high density mixed-use redevelopment.