Rona Portfolio

The Portfolio comprises four assets totaling approximately 434,235 SF of leasable area, fully leased to RONA Inc., one of Canada’s premier home improvement retailers with approximately 450 corporate and affiliate locations spanning 10 provinces. Each of the stores is highly entrenched in its respective market, with an average store tenure of 23 years. Since 2023, RONA has pursued an aggressive brand consolidation strategy to establish a unified national presence across Canada. This initiative has been driven by Sycamore Partners’ 2023 acquisition of Lowe’s Canadian operations, providing RONA with strong financial backing, significant resources, and a proven track record of streamlining operations and optimizing inefficiencies to drive performance. Sycamore Partners is a retail-focused private equity firm specializing in consumer and distribution businesses, with experience investing in and repositioning brands such as Staples and Talbots. This brand unification effort represents a significant capital investment in the tenant’s long-term Canadian market presence.

This Portfolio offers buyers secure and growing cash flows supported by an attractive WALT of 7.7 years, at a basis significantly below replacement cost. The four assets in this Ontario and Winnipeg-based Portfolio include: 1880 Innes Road, Ottawa, ON; 730 Ottawa Street S, Kitchener, ON; 775 Panet Road, Winnipeg, MB; and 1333 Sargent Avenue, Winnipeg, MB. Each Property has contractual rental escalations throughout its lease term. The Properties are strategically located within their respective communities, situated along major arterial thoroughfares providing seamless accessibility and high traffic flow. Distributed across well-established and/or growing markets, the Portfolio draws from trade areas extending well beyond their local communities.