UNDER CONTRACT: Freestanding Staples, Stratford

1076 Ontario Street
Stratford , Ontario N5A 6Z3

Property Details

  • Property Size (m2): 1,858

UNDER CONTRACT: Freestanding Staples, Stratford - Retail for sale/lease

About this availability

  • Type: Retail
  • Sub-Type: Contact Us
  • Tenure: Sale / Lease
  • Space Available (m2): 1,858
  • Price ($CAD): Contact Us

JLL’s National Retail Investment Group (“JLL” and/or the “Advisor”) is pleased to offer for sale a 100% freehold interest in a freestanding Staples located in the heart of a dominant retail node in Stratford, Ontario. The property is situated on a 2.55 acre lot and offers premium visibility and access from Ontario Street, the city’s busiest arterial thoroughfare with over 17,000 vehicles traversing the site daily. Comprised of 19,999 SF, the property is fully leased to Staples, and offers secure and increasing cash flow with a brand new 15 year lease term and 10% rental escalations in Years 6 and 11.

The site is surrounded by several destination and convenience retailers, drawing visitors from across the city and surrounding communities to this dominant retail node in Perth County. National retailers in the area with a strong draw include Walmart Supercentre, Food Basics, Zehrs, The Beer Store, Value Village, and Michaels. The site is located directly across the street from Festival Marketplace, the city’s largest retail centre ,anchored by Canadian Tire, Sport Chek, LCBO, Winners, and Dollar Tree. Surrounding this commercial node is an established residential neighborhood with over 19,000 residents living within 3 km of the site.

Interested parties will be required to execute and submit the Confidentiality Agreement (Property Website link too the right) prior to receiving detailed information about the Property.

Investment Highlights

• Situated on 2.55 acres, the Staples has a gross leasable area of 19,999 square feet with premium visibility and ample on-site parking.
• The Property is located on Ontario Street / Highway 8 in Perth County’s most dominant retail node, easily accessible by vehicle and public transit.
• This Sale-Leaseback offering provides investors with the opportunity to acquire a national covenant tenant with a new 15 year term in a growing community in Stratford, Ontario.

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