416-805-3205
691-709 Pine St, Sault Ste Marie, ON for Sale
Supermarket - FOR SALE
1/2
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691-709 Pine St
Sault Ste Marie, ON P6B 3G2


HIGHLIGHTS

  • Pine Plaza is anchored by a top-performing national grocery tenant, serving as the cornerstone of the plaza.
  • The plaza is currently 97.64% leased, with a diverse mix of tenants offering retail, dining, and service options.
  • It benefits from strong local traffic and convenient access to major city routes.

OVERVIEW

M+H Properties Ontario Plazas L.P. (“Vendor”) is offering for sale a 100% freehold interest in Pine Plaza, a well-established groceryanchored retail and service destination located at 691-709 Pine Street, Sault Ste. Marie, Ontario. The plaza comprises 42,455 square feet of rentable space and enjoys 97.64% occupancy. Anchored by a high-performing grocery tenant with long-term lease options, Pine Plaza is positioned at the heart of a high-density residential neighborhood, making it a key shopping and service hub for the local community. Recent renovations, completed in 2023, have revitalized the property, enhancing the façade for all tenant spaces except the grocer. The plaza benefits from high daily traffic patterns, a strong tenant mix, and offers future growth opportunities, including a permitapproved pylon sign opportunity and the potential for an endcap drive-thru, adding further upside in rents and improvement in tenant profile.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

252

LAND DETAILS

LAND ACRES

4.2 AC

LAND SF

182,952 SF

ZONING

C4

APN/PARCEL ID

576103003400300

ASK ABOUT THIS PROPERTY

416-805-3205

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416-805-3205

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