FIRM: Staples, Summerside, PEI

57 Water Street Summerside , PEI C1N 1A4
  • Property Size (ft2): 28,589

Documents and Resources

FIRM: Staples, Summerside, PEI - Retail for sale/lease

  • Type: Retail
  • Tenure: Sale / Lease
  • Space Available (ft2): 28,589
  • Price ($USD): Contact Us

JLL’s National Retail Investment Group and Partners Global are pleased to offer for sale a 100% freehold interest in a freestanding Staples located in Summerside, Prince Edward Island. The property is located on Water Street - the city’s busiest thoroughfare and main access route for visitors coming from the East. The property is situated on a large 3.44 acre site and is comprised of 28,589 SF which will be fully leased back to Staples, the Vendor. The property offers secure and increasing cash flows with a brand new 10 year lease term and a 10% rental escalation in Year 6.

The asset is strategically located on a major thoroughfare in Summerside, surrounded by a diverse mix of commercial uses and established residential neighbourhoods. The city has a regional draw and access to a large trade area of over 45,000 people, who frequently visit the city to fulfill their retail and entertainment needs. The site is located in the south end of the city less than 600 meters from The Harbourfront Theatre and The Holland College Waterfront Campus, both of which provide a significant draw to this area of Summerside for tourists and locals.

Interested parties will be required to execute and submit the Confidentiality Agreement prior to receiving detailed information about the Property.

Investment Highlights

• Premium visibility from Water Street/Highway 11, Summerside’s busiest thoroughfare
• Situated on 3.44 acres, Staples has a gross leasable area of 28,589 square feet with ample on-site parking
• Centrally located near the harbourfront and Holland College, with both destinations creating a healthy draw of visitors to this node.
• New 10 year lease with a strong national covenant offering secure and increasing cash flows

Documents and Resources

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