The Property is located adjacent to Timmins Square, the region's largest mall, and enjoys the additional high traffic draw generated by shadow anchors No Frills, Winners, Sport Chek and others.
The investment provides very secure cash flow, tenanted by a proven ‘AAA” covenant. Best Buy has experienced outstanding revenue growth of 23% between 2019 and 2020.
This commercial node is surrounded by densely populated residential neighbourhoods with over 31,000 residents living within 5 km of the site. This population has an average household income of $96,920 (2020).
The City of Timmins has a population of 42,000 residents and serves as a prominent retail and service node supporting a catchment area of over 150,000 residents.
Address: 1390 Riverside Drive, Timmins, ON
Intersection: Riverside Drive (Highway 101) and Shirley Street North