UNDER CONTRACT: First London Centre

1080 Adelaide Street North
London , Ontario N5Y 2N3

Property Details

  • Property Size (m2): 8,390

UNDER CONTRACT: First London Centre - Retail for sale

About this availability

  • Type: Retail
  • Sub-Type: Contact Us
  • Tenure: Sale / Purchase
  • Space Available (m2): 8,390
  • Price ($CAD): Contact Us

JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in First London Centre, a 90,312 SF grocery-anchored centre in an established neighbourhood in London, Ontario. Situated on a 7.95 acre lot, the centre is fully occupied with 67.9% of GLA represented by national tenants including FreshCo (Sobeys), The Beer Store, RBC, Home Hardware, CIBC, Pizza Pizza, and KFC. The Property offers the investor secure and increasing cash flows with a weighted average lease term of 5.11 Years.

First London Centre is situated in the heart of a densely populated residential neighbourhood in North London, in close proximity to Western University and Fanshawe College, with over 9,900 residents living within a 1 km radius of the site. It is located at the high traffic intersection of Adelaide Street North and Huron Street where it experiences premium visibility from over 45,000 vehicles that traverse the site daily. The Property offers multiple access points (one at a signalized intersection) and ample parking, while being easily accessible by car and public transportation.

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

Investment Highlights

• First London Centre is anchored by a best-in-class performing FreshCo ($650+ sales PSF) which signed a new 15 year lease in 2013.
• The Centre is in close proximity to both Western University and Fanshawe College whose students and faculty visit First London Centre for groceries, beer and other retail needs.
• This area is densely populated by residential neighbourhoods, is easily accessible by car and is well serviced by London’s public transportation system.
• The centre is leased to a diverse mix of needs-based and service-oriented tenants, many of which are currently paying below market rents.

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