Saugeen Shores Shopping Centre, Port Elgin, ON_Property for Sale

1110 Goderich Street, Port Elgin, ON, N0H 2C3, CA

Saugeen Shores Shopping Centre, Port Elgin, ON

Asset Description

JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Saugeen Shores Shopping Centre (the “Property”), a newly developed grocery-anchored centre in Port Elgin, Ontario. Comprised of 74,543 SF, this prime retail asset is 98.1% leased and boasts a robust tenant mix, carefully leased to key retailers, including Food Basics, Dollarama, Goodwill, Starbucks, Chuck’s Roadhouse Bar & Grill, Osmow’s, and BarBurrito. With a remaining weighted average lease term of 13.2 years, the centre offers investors a stable, long-term income stream with built-in growth potential.

Occupying a prominent 6.71 acre corner lot, Saugeen Shores Shopping Centre enjoys excellent visibility and accessibility at the intersection of Goderich Street (Highway 21) and Devonshire Road. Its location in Port Elgin’s north end places it in close proximity to densely populated residential neighbourhoods, with over 12,000 residents living within a 3 km radius.

Completed in 2023/2024, this modern development features a well-planned layout with ample parking and superior frontage along Goderich Street (Highway 21). This major arterial route not only serves as Port Elgin’s main thoroughfare but also connects to neighboring communities like Southampton, enhancing the Property’s regional draw and long-term value proposition.

Interested parties will be required to execute and submit the Confidentiality Agreement (CA) prior to receiving detailed information about the Properties:

https://hello.jll.com/TheGlennsSC_SaugeenShoresSC

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Attributes

Building area net

6,925 m²

Occupancy

98.1%

Year built

2023

Land area gross

2.72 ha

WAULT

13.2 years

Media

Investment Highlights

Investment Highlights

Strong Financials - Saugeen Shores Shopping Centre is 98.1% leased with a remaining weighted average lease term of 13.2 years, the centre offers investors a stable, long-term income stream with built-in growth potential.
Strategic Location - Situated on a large 6.71 acre corner lot, the Property capitalizes from a dominant market location with premium frontage and visibility along Port Elgin and the region’s primary arterial thoroughfare, Goderich Street (Highway 21).
Brand New Construction - The Property is newly constructed with exceptional finishes, meeting the modern standard’s of the country’s most sought after retailers.
Affluent Surrounding Population - The Property is situated in the heart of established residential neighbourhoods, home to over 12,000 residents living within 3 km of the Property, with an impressive average household income of $158,864.
Essential Needs Tenant Mix - The Property has been carefully leased to a diverse mix of needs-based tenancies, creating a healthy and constant draw to the centre. The Property is anchored by a strong performing Food Basics.
Growing Community - Saugeen Shores is the fastest growing municipality in the region and is projected to continue this growth for the foreseeable future. 2022 saw a construction value of $129 million with 390 permits issued.