- Property size 28,061 ft2
Brentwood Village, Thunder Bay - retail for sale
Capital Commercial Real Estate Services Inc. and JLL’s National Retail Investment Group (“Capital Commercial/JLL” and/or the “Advisor”) are pleased to offer for sale a 100% freehold interest in Brentwood Village (the “Property”), a 28,061 SF retail plaza located in Thunder Bay in the heart of an established commercial node with a strong mix of single and multi-family dwellings in close proximity.
Brentwood Village, anchored by recently renewed TD Canada Trust, is leased to a diverse mix of service-oriented and needs-based tenancies with national tenants representing 76% of the occupied area. The Property has excellent frontage and signage on Arthur Street West, one of the city’s main arterial thoroughfares that connects to the Trans-Canada Highway (Highway 17). The Property is surrounded by many national retailers including Shoppers Drug Mart, Safeway, Tim Horton’s, Metro and McDonalds and is close to the Thunder Bay International Airport.
- The Property is leased to a diverse mix of service-oriented and needs-based tenancies, with 76% of the occupied area being represented by national tenants. The weighted average lease term of 4.41 years provides the investor secure future income.
- The 28,061 SF building offers investors an opportunity to acquire a high-quality retail asset well below replacement cost.
- Brentwood Village offers excellent visibility and exposure on Arthur Street in an established retail node. The Property is located less than 500 metres from the Trans-Canada Highway (Highway 17) at the signalized intersection of Arthur Street West and Mountdale Avenue.
- With four ingress/egress points and 130 surface parking stalls on the 2.2 acre lot, the site offers excellent parking and access which is critical to the service based tenant roster.