- Property size 10,010 ft2
1021 Wonderland Road South, London, ON - retail for sale
JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in 1021 Wonderland Road (the “Property”), a retail plaza situated on 0.95 acres in London, Ontario. Comprised of 10,010 SF, the plaza is fully leased to a diverse mix of tenants including Pizza Hut, Fat Bastard Burrito Co., Subway, Edward Jones, Oxford Learning, City of London (London Animal Shelter Services), and La Cakery. The Property offers the investor secure future cash flow with a weighted average lease term of 5.1 years and is well-designed with multiple access points, premium signage, and ample parking.
This region of London is home to an abundance of destination and convenience retailers, drawing consumers from across the city and surrounding area. The Property capitalizes on premium exposure and visibility from Wonderland Road South, one of the London’s primary north/south arterial thoroughfares. Over 32,000 vehicles pass the site daily.
The site is located in a rapidly expanding area of London and is very well situated with respect to transportation access and infrastructure, making it a desirable location for employment, residential and commercial uses. There is an abundance of new residential development happening in the immediate area, further enhancing the plaza’s consumer base.
- Wonderland Road South is a significant gateway to London, and serves as the primary north/south connection from Highways 402 and 401 to central London through the southwest of the city.
- The site is surrounded by densely populated residential neighbourhoods with over 55,000 residents living within a 3 km radius. This area has an average household income of $90,876 (2020).
- Top national retailers less than 1 km away include The Home Depot, Canadian Tire, Loblaws, FreshCo., Marshalls, Winners, Mark’s, Loblaws, Michaels, Staples, Toys ‘R’ Us, Party City, HomeSense, and many more.
- The plaza is demised into smaller units, which mitigates future leasing risk as there is an abundance of tenants in the market looking for similar sized spaces.