416-432-8011
150 Holiday Inn Dr, Cambridge, ON for Sale
Retail - FOR SALE
1/11
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150 Holiday Inn Dr
Cambridge, ON N2C 0A1
Hespeler


HIGHLIGHTS

  • High profile location of Hespeler Road & Highway 401
  • Anchored by a large Zehrs supermarket with major tenants such as SAIL Outdoors, Crunch Fitness, Treasure Hunt & Dollarama
  • Perfectly suited within an expansive & Accessible trade area

OVERVIEW

Tri-City Plaza presents a rare opportunity for an investor to purchase a shadow grocery anchored shopping centre in a prime retail node in the growing Cambridge market. The Property is a 171,815 SF centre at the high profile location of Hespeler Road and Highway 401. Shadow anchored by a large Zehrs supermarket and with major tenants including SAIL Outdoors, Crunch Fitness, Treasure Hunt and Dollarama as well as 4 drive-through retail pads, the Property is perfectly suited within an expansive and accessible trade area. The Property is currently 100% leased with a weighted average lease term (WALT) of 6.0 years remaining and an average in-place base rent of $14.88 PSF. The rapid increase in retail rents and high replacement costs provides for strong cash flow growth. There is favourable in-place debt which could also help leverage returns for investors.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tri-City Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

1034

LAND DETAILS

LAND ACRES

19 AC

LAND SF

827,640 SF

ZONING

CS3

APN/PARCEL ID

300614000202501

ASK ABOUT THIS PROPERTY

Taso BoussoulasBrixton Commercial RealtyMore Info
416-432-8011

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Taso BoussoulasBrixton Commercial RealtyMore Info
416-432-8011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.