6,638
ft2
Retail
Sale/Purchase
Contact us for price
Description
JLL is pleased to offer for sale a 100% freehold interest in the ground floor retail level of the newly constructed YC Condominiums, located at 454-458 Yonge Street and 5 Grenville Street, Toronto, ON (collectively the "Property"). Located in the heart of Downtown Toronto, the Property is situated at the southwest corner of Yonge and Grenville, offering 130 feet of uninterrupted frontage steps from the Yonge and College intersection.
The offering provides prospective investors with a best-in-class retail investment asset located in an area experiencing unprecedented retail and residential development. The Property is fully leased to Hoops Sports Bar and Grill, Meridian Credit Union, and a local Dental Practitioner. The Weighted Average Lease Term is 12 years, 5 months, providing investors with a stable cash flow and future upside through contractual rental escalations and lease rollover.
Amenities
Salient Facts:
- Building Area: 6,607 SF
- Frontage: +/- 130 FT
- Current Occupancy: 100%
- Tenants: Hoops Sports Bar and Grill, Meridian Credit Union, and Karim Habib Dentistry Professional Corporation
- Weighted Average Lease Term (W.A.L.T.): ~12 year, 5 months
