FIRM: Cominar Portfolio, Greater Montreal

255 Cremazie Boulevard West Montreal , QU H2M 1M4
  • Property Size (ft2): 117,956

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FIRM: Cominar Portfolio, Greater Montreal - Retail for sale

  • Type: Retail
  • Deal type: Sale / Purchase
  • Space Available (ft2): 117,956
  • Price ($USD): Contact Us

Jones Lang LaSalle Inc. has been retained by Cominar Real Estate Investment Trust on an exclusive basis to arrange the sale of a 100% interest in 9 retail assets located throughout the Greater Montréal Area. Cominar is Québec’s largest and most diversified landlord.

The Greater Montréal Area Portfolio consists of 9 retail assets totaling 117,956 SF entirely located in and around Montréal. This unique Offering is predominantly anchored by quick-service, fast-food restaurants such as Pizza Hut and Harvey’s, while still featuring a diverse, internet-resistant tenancy profile, featuring such service-oriented retailers as SAQ, Caisse populaire Desjardins, and Econo-Fitness. Overall, the Portfolio is 94.3% leased with national and regional tenants accounting for 61% of income and features a weighted average remaining lease term of 4.5 years.

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

Investment Highlights:

  • Choice location in key markets: All properties benefit from highly visible locations on major arterial thoroughfares in mature and well-trafficked retail nodes adjacent to affluent and densely populated residential areas.
  • Advantageous tenant profile: 61% of annual rental income is generated by national and regional covenants.
  • Diversified and defensive Portfolio: No property or tenant accounts for more than 35% of the Portfolio's overall net operating income.
  • Strong rental metrics: The occupancy rate sits at 94.3% with a weighted average lease term of 4.5 years.

Property Locations:

  • 1200 Place Nobel, Boucherville
  • 7 Place du Commerce, Verdun
  • 933 Armand-Frappier, Sainte-Julie
  • 484 25th Avenue, Saint-Eustache
  • 324 Cure-Labelle, Sainte-Therese
  • 101 Arthur-Sauve, Saint-Eustache
  • 2986 Saint-Charles, Montreal
  • 255 Cremazie West, Montreal
  • 4211-4219 Wellington, Montreal

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