33 Collier Street, Barrie_Property for Sale

33 Collier Street, Barrie, ON, L4M 1G5, CA

33 Collier Street, Barrie

Description

JLL is pleased to offer for sale a 100% freehold interest in 33 Collier Street (the “Property”) which is situated on 0.26 acres in the heart of downtown Barrie. Comprised of 32,802 SF, the site is fully occupied by TD Canada Trust, a proven ‘AAA’ covenant, which occupies three storeys and has lease term until May 2028, with 4 x 5-year options to extend remaining upon its expiry. TD Canada Trust has been a long-standing tenant at the site since 2008. This is a key location for TD because it is central to their TD Commercial Banking, TD Waterhouse, TD Mortgages and TD Wealth operations for the area, and in addition provides traditional retail branch services.

The site benefits from premium frontage and visibility along Collier Street, one of downtown Barrie’s primary east/west thoroughfares, and is adjacent to the city owned Collier Street Parkade. The Property is part of the Downtown Barrie Urban Growth Centre, an area which will serve as the focal point for higher-density growth and intensification in Barrie. Currently over 59,000 residents live within a 3 km radius of the site, providing the Property with a large market catchment. The Property is in close proximity to an abundance of national retailers and major destinations which draw consumers from across the region.

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Attributes

Building area net

3,047 sm

Occupancy

100%

Year built

2007

WAULT

2.8 years

Media

Investment highlights

Strategic Location

The Property is situated on 0.26 acres in the heart of Downtown Barrie.
33 Collier Street is part of the Downtown Barrie Urban Growth Centre and is in close proximity to a large population
Major destinations nearby include Barrie City Hall, Barrie Courthouse, MacLaren Art Centre, Heritage Park, Barrie Bus Terminal, City of Barrie Marina, Centennial Park, and many more.

Well Designed Asset

The Property offers premium frontage and visibility along Collier Street, one of downtown’s primary east / west arterial thoroughfares.
The Property is adjacent to the city owned Collier Street Parkade providing easy access for visitors.
The Property has been well maintained and managed by the current owners and has prominent TD Canada Trust signage on the exterior of the building.

Strong Financials

TD Canada Trust, a proven ‘AAA’ covenant, has been a longstanding tenant at the site since 2008 and has lease term until May 2028 with 4 x 5-year options to extend remaining upon its expiry.
TD Canada Trust is a top 10 North American bank which offers a full range of financial products and services to more than 26 million customers worldwide.
The Property offers the investor secure future cashflow with a Year 1 Net Operating Income of $760,633 and remaining lease term of 2.8 years.