20-24 Peninsula Rd - Freestanding FOR SALE


Marathon, ON P0T 2E0
$1,449,500 CAD
519-673-6444
20-24 Peninsula Rd, Marathon, ON for Sale
$1,449,500 CAD
Freestanding - FOR SALE
1/3
null | 9.05% Cap Rate

20-24 Peninsula Rd
Marathon, ON P0T 2E0


HIGHLIGHTS

  • Fully leased strip plaza investment opportunity.
  • Centrally located within walking distance of Marathon Centre Mall.
  • Stable in-place cash flow from a diverse tenant mix.
  • Several existing leases are below current market rents.
  • Opportunity to enhance income through future lease renewals.
  • Positioned to benefit from the approved Marathon Palladium Mine project.

OVERVIEW

20-24 Peninsula Road presents an opportunity to acquire a 100% leased neighborhood commercial plaza located in the commercial core of Marathon, Ontario. The property consists of approximately 10,300 square feet on a 1.17-acre site and is occupied by a diversified roster of retail, food service, medical, personal service, and convenience-oriented tenants. The tenancy includes nationally recognized brands such as Circle K and Subway alongside established local operators that serve the surrounding community on a daily basis. The asset benefits from stable in-place income generated by seven tenants and a weighted average lease term of approximately 3.7 years. The tenant mix supports consistent visitation and reduces dependence on any single industry, creating a balanced income profile. Several leases are reported to be below current market levels, offering potential future revenue growth through lease renewals and rent adjustments. Positioned along Peninsula Road within walking distance of Marathon Centre Mall, Wilson Memorial General Hospital, and the Marathon Community Centre, the property serves as a convenient commercial destination for residents and visitors. Marathon functions as the largest service center between Thunder Bay and Sault Ste. Marie along the Trans-Canada Highway, supporting regional commercial activity and demand for everyday goods and services. The property is also positioned to benefit from economic activity associated with the approved Marathon Copper-Palladium Project located approximately 10 kilometers north of the community. With construction anticipated to begin in fall 2026 and significant employment generation projected during both construction and operations, the development is expected to support increased demand for retail, food service, healthcare, and personal services within Marathon's commercial

FOR SALE DETAILS

PRICE

$1,449,500 CAD

PRICE/SF

$137 CAD /SF

CAP RATE

9.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

C2

APN/PARCEL ID

585900000417800

ASK ABOUT THIS PROPERTY

519-673-6444

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519-673-6444

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