Grocery-anchored retail centre with expansion potential - Saint-Apollinaire_Property for Sale

471 Route 273, Saint-Apollinaire, QC, G0S 2E0, CA

Grocery-anchored retail centre with expansion potential - Saint-Apollinaire

Asset description

JLL’s Quebec Capital Markets Team is excited to present a brand-new grocery-anchored retail centre for sale in the thriving area of Saint-Apollinaire, only 39 KM from Quebec City. Spanning across a generous ±240,000 square feet of land, this property offers an impressive ±41,000 square feet of leasable space anchored by a Super C Grocery Store (Metro), Mondou, and A&W. An additional approved development of 10,000 SF on the site would allow to accommodate future tenants and increase the revenue for new investors.

Investors will benefit from a secure and resilient long-term cash flow as well as from the exceptional weighted average lease term (WALT) of 14 Years. This offering presents a premier opportunity to acquire a remarkable grocery-anchored retail center in one of the most populous municipalities within the Quebec City region experiencing the highest population growth in Quebec since 2018.

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Attributes

Building area net

3,809 sm

Occupancy

100%

Year built

2024

Land area gross

22,297 sm

Media

Investment highlights

New grocery-anchored development completed this year with latest generation architecture
Retail Centre with a GLA of over 41,000 SF and expansion potential of 10,000 SF, situated at a lighted intersection
Expansive lot spanning over 240,000 SF with prime exposure from Highway 20
Fully leased to Super C, Mondou and A&W with an outstanding weighted average lease term (WALT) of 14 Years
92% of Year 1 Gross Revenues generated from national tenants
Secure cashflow with built-in rental growth
Located in Saint-Apollinaire, 15 minutes from the Quebec Bridge, one of the regions experiencing the highest population growth in Québec since 2018