134, 146-150 Lakeshore Road West, Oakville, ON
134, 146-150 Lakeshore Road West Oakville

134, 146-150 Lakeshore Road West, Oakville, ON - retail for sale

20,551 pi2
Au détail Vente/Achat
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La description

*FIRM*

JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in 134, 146-150 Lakeshore Road West (the “Property”), a retail plaza situated on 1.6 acres in the affluent neighbourhood of Kerr Village in Oakville, Ontario. Comprised of 20,551 SF, the plaza is currently 100% leased and boasts a premium tenant roster with an average weighted lease term of 3.64 Years. The Property is leased to a diverse mix of service-oriented and need-based tenancies and anchored by strong national tenants including Starbucks, Harvey’s, Canada Post, EasyFinancial, and Pizza Hut. The asset is well-designed with ample parking and multiple access points.

Strategically situated five minutes south of the Queen Elizabeth Highway (QEW), just outside of Downtown Oakville, this asset benefits from its premium frontage on Lakeshore Road West, where over 18,000 vehicles pass by the site daily. Lakeshore Road is a primary east-west thoroughfare and provides direct connection to Downtown Oakville, Mississauga, and Burlington.

The plaza is surrounded by established residential neighbourhoods with strong demographics, and many residential developments planned or already under construction in the immediate area. Over 30,700 residents live within a 3 km radius of the site (10.72% growth by 2025) with an average household income of $216,617 (2020).

Investment Highlights

  • The site is situated diagonally across from a strong performing Fortino’s which draws a significant number of consumers to the area.
  • The Property is located in Kerr Village, one of the most affluent neighbourhoods in Oakville and Canada with an average income of $216,617 (2020).
  • This area of Oakville has drawn prominent GTA developers including Rise Developments, Rosehaven Group, Bevco Homes, and the JRB Group. These groups are drawn to this area due to its quick access to major highways and connectivity to in-place public transportation systems.
  • In 2018, Oakville was named Canada’s best place to live overall (MoneySense) and is forecast to reach a total population of 267,400 by the year 2031. Oakville boasts a diverse economy and has become the location of choice for nearly 300 national and international corporate headquarters.

Outils de propriété

134, 146-150 Lakeshore Road West, Oakville, ON - retail for sale

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