The Mews of Carleton Place, Carleton Place, ON

JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in The Mews of Carleton Place (the “Property”), a grocery-anchored retail centre situated in the heart of Carleton Place, Ontario. Adjacent to the Property is an additional development land parcel also available for sale.

Comprised of 82,905 SF, the Property is fully leased to a premier tenant roster, with national tenants representing 100% of leased GLA. The centre is highlighted by FreshCo, Anytime Fitness, CIBC, Pet Valu, and Dollar Tree and offers the investor secure and increasing future cash flow with a weighted average lease term of 3.4 years.

The Property is situated on four parcels totaling 6.52 acres of land, with two development land parcels totaling 1.45 acres also available for sale. With the Property and development land purchased together, existing planning legislation suggests residential uses, such as medium to high density, and additional commercial density can be added to the site, providing the investor with significant value-add opportunities. The Town has an interest in the development of the excess land, to help support increased population growth. The Property is offered for sale as the 82,905 SF commercial centre only or with development land included.

The Property is situated in the heart of Downtown Carleton Place, which is easily accessible being less than a 5-minute drive from the Trans-Canada Highway. The Mews of Carleton Place is well-designed with ample parking, along with premium frontage and visibility along Lansdowne Avenue. The Property is in close proximity to densely populated and rapidly growing residential neighbourhoods with over 19,000 residents living within a 3 km radius of the site. This affluent population has an average household income of over $170,000.