- Property size 274,447 ft2
FOR SALE: Mapleton Centre - retail for sale
JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Mapleton Centre, a 274,447 SF recently constructed power centre located in the heart of Moncton, New Brunswick’s most dominant retail node. Situated on more than 30 acres, Mapleton Centre is currently 98.2% occupied with a diverse mix of needs-based and service-oriented retail with national tenants representing 79.5% of leased GLA.
The centre is anchored by a roster of national tenants including PetSmart, GoodLife Fitness, Golf Town, Bed Bath & Beyond, Sleep Country, Banana Republic, Structube, Party City, and a Tommy Hilfiger Outlet Store. The centre was meticulously constructed in stages, beginning in 2012 with the most recent phase being completed in 2018.
Mapleton Centre is located in a pre-eminent location benefiting from premium access and visibility, at the corner of Mapleton Road and Wheeler Boulevard with approximately 40,000 vehicles passing the site daily. The site is surrounded by major retailers which continuously draw in visitors from across the region. Easily accessible by both public transportation and vehicle, the site capitalizes on a central location less than 1 km south of the Trans-Canada Highway.
Moncton is the largest city in New Brunswick and has been experiencing a booming economy with strong population growth. The city is located at the geographical centre of the Atlantic Provinces and provides regional services to a large trade area, with 250,000 people within a one hour drive of the city. In 2017, the city became the top development hub in the Atlantic Provinces, surpassing both Halifax and St. John’s.