The Glenns Shopping Centre_Property for Sale

315 Main Street, Lucan, ON, N0M 2J0, CA

The Glenns Shopping Centre

Asset Description

JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in The Glenns Shopping Centre (the “Property”), a newly developed, grocery-anchored retail centre situated on 9.27 acres in Lucan, Ontario. The Property comprises 48,825 SF and boasts an 87.1% occupancy rate, featuring a diverse tenant mix focused on essential services and everyday needs. National tenants account for 93.9% of leased GLA and include Foodland, Dollarama, Pet Valu, McDonald’s, Subway, and Canco Petroleum. With a weighted average lease term of 12.5 years, the Property presents an attractive opportunity for stable and growing future cash flows.

Located in Lucan, within the Township of Lucan Biddulph, The Glenns Shopping Centre enjoys premium visibility and frontage along Main Street (Highway 4). This major arterial road experiences high traffic volumes and provides direct access to London. The Property’s central position in Middlesex County offers convenient proximity to several key locations: less than 30 minutes from London, Strathroy, and Grand Bend, and a 45-minute drive from Stratford.

Constructed between 2023 and 2024, the Property showcases superior finishes and thoughtful design elements. It features multiple access points, abundant parking, and prominent signage. The Glenns Shopping Centre is poised to become a premier retail destination, serving not only the Lucan community but also attracting consumers from across Middlesex County, thanks to its excellent selection of national brand tenants.

Interested parties will be required to execute and submit the Confidentiality Agreement (CA) prior to receiving detailed information about the Properties:

https://hello.jll.com/TheGlennsSC_SaugeenShoresSC

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Attributes

Building area net

4,536 m²

Occupancy

87.1%

Year built

2023

WAULT

12.5 years

Media

Investment Highlights

Investment Highlights

Strong Financials - The Property offers the investor secure future income with a healthy weighted average lease term of 12.5 years. National tenants account for 93.9% of total leased GLA.
Carefully Curated Tenant Mix - The Property is anchored by a strong roster of national tenants including Foodland, McDonald’s, Dollarama, Pet Valu, Subway, Canco Petroleum and BarBurrito.
Strategic Location - This Foodland is the only nationally branded grocery store within an approximately 15 km radius. The Property is set to become a prime shopping destination for the Lucan community and Middlesex County, drawing consumers from across the region.
Growing Bedroom Community - The Property benefits from Lucan’s central location in Middlesex County, less than 30 minutes from London, Strathroy and Grand Bend, and 45 minutes from Stratford.
Brand New Construction - The site was constructed in 2023-2024 with superior asset design. The construction quality meets today’s design standards of the most sought-after national tenants with a modern façade and fresh new interiors.
Local Housing Diversity - Recent residential expansion in Lucan includes a significant multi-family component, with two newly constructed apartment buildings located within 400 metres of the Property, these developments have added over 150 residential units to the immediate area.