237 Yonge Street, Toronto, ON, M5B 1N8, CA

237 Yonge Street

Attributes

Building area net

1,208 m²

Occupancy

100%

Year built

1990

Land area gross

310 m²

Remaining lease term

9.3 years

Zoning

CR 4.0

Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to offer for sale a 100% freehold interest in 237 Yonge Street, Toronto (the “Property” or “Site”), a four (4) storey retail property comprised of 13,000 square feet (“SF”) with 28 feet (“FT”) of sought after Yonge Street frontage. The Property is 100% occupied by Haidilao Hot Pot on a NNN lease expiring in April 2035. The Property offers a carefree investment opportunity, occupied by a tenant with 1,300 locations globally on a long-term lease. Located between Dundas Street and Queen Street, the Property is located directly across from CF Toronto Eaton Centre, near numerous landmarks, retailers, and amenities, with direct transit access to Queen and TMU stations along TTC Line 1 Yonge-University.

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Investment Highlights

Stable In-Place Cashflow

NNN lease with 9.4 years of term remaining and contractual rental escalations

Strong Tenant Covenant

Corporate covenant on the lease; Haidilao is a publicly traded company with a market cap of $13.3 billion CAD and over 1,300 locations worldwide

Premier Location

Situated on Yonge Street across from CF Toronto Eaton Centre, the Property offers excellent visibility and exposure along a key urban corridor in Downtown Toronto

Transit Connectivity

Walking distance to both Queen and TMU Stations along Line 1 Yonge University, and positioned to take advantage of the Ontario Line once completed