Smiths Falls Rexall
2 Beckwith Street North, Smiths Falls, ON, K7A 2B1, CA
780 m²
Description
The JLL Private Capital Group is pleased to offer for sale a 100% interest in 314 Elliott Avenue (the “Property”), a single-tenant net lease investment opportunity located in Kingston, Ontario. The Property comprises 22,468 square feet (“SF”) of retail space situated on a 3.98-acre (“AC”) site at the intersection of Division Street and Elliott Avenue. Anchored by investment grade tenant Loblaws, which operates here as a Wholesale Club, the asset delivers defensive, long-term cash flow with 5.5 years remaining on the lease. The additional 1.6 acres of vacant land abutting the grocery store adds further upside, with potential to accommodate a variety of uses.
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Attributes
Building area net
2,087 m²
Land area gross
1.61 ha
Zoning
M2
Media
Investment Highlights
- Fully leased, single tenant grocery store on a new 5-year lease commencing April 2027
- 3 x 5-years renewal options provide long-term lease security
- Right-sized retail asset well suited to private investors
- 1.60 acres of excess land with future development potential
- Stable retail submarket in Kingston
Contact brokers
314 Elliott Avenue (0 Properties)
