- Property size 12,077 ft2
FOR SALE - Wonderland Gateway Centre, London - retail for sale
JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Wonderland Gateway Centre, a mixed-use development site situated on a large 32.21 acre land parcel (includes 30.53 acres of excess land for development) at the high traffic intersection of Wonderland Road South and Wharncliffe Road South in Southwest London. Over 28,000 vehicles traverse the site daily along Wonderland, and over 20,500 vehicles along Wharncliffe. Wonderland Road South is a significant gateway to London, and serves as the primary north/south connection between the 400 series Highways and central London through the southwest of the city.
There is 12,077 SF currently developed on the site, leased to Tim Hortons, Ren’s Pets, and Baskin Robbins. These tenants offer the investor secure future cash flow with a Weighted Average Lease Term of 15.04 Years. The site is fully serviced (except Excess Land D & E, see flyer for details), and allows for up to 396,000 SF of additional density.
The site is situated in a rapidly expanding area of London, part of the Southwest Area Secondary Plan. The Southwest Area Plan envisions a total residential population of approximately 60,000 people and 22,500 jobs within the study area boundaries over a long term planning horizon.
The subject Property is part of the Wonderland Road Community Enterprise Corridor designation, which provides for a wide range of large scale commercial uses, medium scale office development, high density residential uses, hotel, senior living/nursing, and institutional uses.
- The site is surrounded by the country’s most sought after destination and convenience retailers, drawing consumers from across the region. Retailers continue to move south of the traditional retail node located at Southdale and Wonderland.
- This area of London is very well situated with respect to transportation access and infrastructure, making it a desirable location for employment, residential and commercial uses.
- As the primary gateway to Central London from Highway 402 and 401, Wonderland Road South will be developed to fulfill the two functions of this major transportation corridor: a major arterial designed to carry high volumes of traffic, and as a major gateway and arrival corridor into the city.