416-777-2200
45-53 West Side Rd, Port Colborne, ON for Sale
Supermarket - FOR SALE
1/2
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45-53 West Side Rd
Port Colborne, ON L3K 5Y7
Humberstone


HIGHLIGHTS

  • The site benefits from proximity to established residential neighborhoods - over 8,390 residents live within a 3 km radius - with stable demographics
  • The site presents a compelling opportunity to enhance value through retail pad development on the sizable lot.
  • With a weighted average base rental rate of $8.93 per SF, investors will have the opportunity to increase NOI upon lease renewals.
  • Grocery Anchored with Strong Covenant Retail Tenancies: The anchored plaza is leased to national tenants such as No Frills, Dollarama, Pet Value
  • No Frills has anchored the Property since 1995, and generates approximately $694 per SF in revenue per year.

OVERVIEW

Colliers Private Capital Investment Group (“theAdvisor”) is pleased to offer for sale a 100% freehold interest in 45 West Side Road (the “Property”), an institutional-quality 92,666 SF grocery-anchored shopping plaza in Port Colborne. Strategically positioned at the intersection of West Side Road and Highway 3, the Property benefits from excellent visibility, access, and proximity to key regional anchor tenants, and local public schools. The Property is 100% leased to a strong mix of nationally recognized service, discount, and daily needs tenants including No Frills, Dollarama, Pet Valu and Goodwill, supported by a weighted average lease term (“WALT”) of 4.04 years. The Property presents investors with further upside potential through the development of 3 retail pads, including 3 drive-thru’s, totaling 5,852 SF. Additionally, with a current average base rental rate of $8.93 per SF (net), investors have further cash flow upside through upcoming lease renewals. 45 West Side Road is ideally located within Port Colborne’s dominant commercial corridor, less than 2 km from Port Colborne General Hospital and within a short drive of Niagara College’s Welland Campus. The surrounding area is characterized by stable residential neighborhoods, with over 8,390 residents within a 3 km radius and strong average household incomes. The property offers significant long-term upside through potential intensification on the large 8.24-acre site, supported by flexible zoning and large frontages on major arterial roads. This offering provides investors the opportunity to acquire a stabilized, retail asset in one of the Niagara Region’s most established commercial nodes, with immediate cash flow and the ability to unlock additional value through lease renewals and retail pad development. Please execute the Confidentiality Agreement to access financial information: https://apps.colliers.com/DigitalDocs/Accept/1769379b-de0e-410c-917e-bd021376dae3

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Side Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

439

LAND DETAILS

LAND ACRES

8.24 AC

LAND SF

358,934 SF

ZONING

CP

APN/PARCEL ID

271103003418610

ASK ABOUT THIS PROPERTY

Jeremiah ShamessColliersMore Info
416-777-2200

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Jeremiah ShamessColliersMore Info
416-777-2200

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