3560-3590 Lake Shore Blvd W Retail FOR SALE


Toronto, ON
$12,000,000 CAD
416-862-0611
, Toronto, ON for Sale
$12,000,000 CAD
Retail - FOR SALE
1/2
null | Request Cap Rate

3560-3590 Lake Shore Blvd W
Toronto, ON


HIGHLIGHTS

  • High exposure location
  • Access to public transit and highway
  • Retail amenities nearby
  • Heavy commercialized area
  • Heavy daytime foot traffic area
  • Natural light exposure

OVERVIEW

strategically positioned in Etobicoke’s Long Branch neighborhood, the assets are situated along a high-traffic major arterial road, and are in close proximity to Humber College & the Long Branch GO Station. The properties have a combined net rentable area of 19,829 square feet of prime retail/commercial space comprised of 9 retail units with a total 68 parking stalls. Both assets are 100% leased to a diverse mix of high-covenant essential national and local retailers, including Hero Burger, Pita Pit, The Beer Store and Pet Valu, as well as other QSR restaurants, medical and personal service businesses that serve the local community as well as attracting customers from a wider radius. The properties have a combined weighted average remaining lease term of 7.5 years, with revenue growth throughout the term from contractual rental increases. Built in 2016 and 2019 respectively. The properties are less than 10 years old and will require minimal repairs/replacements in the near-term.

ASK ABOUT THIS PROPERTY

Jesse RothCushman & WakefieldMore Info
416-862-0611

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

Jesse RothCushman & WakefieldMore Info
416-862-0611

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