This freestanding Staples is situated on a 2.55 acre lot in the heart of a busy retail node, and offers premium visibility and access from Ontario Street, the city’s busiest arterial thoroughfare with over 17,000 vehicles traversing the site daily.
Comprised of 19,999 SF, the property is fully leased to Staples, and offers secure and increasing cash flow with a brand new 15 year lease term and 10% rental escalations in Years 6 and 11.
The site is surrounded by several destination and convenience retailers, drawing visitors from across the city and surrounding communities to this dominant retail node in Perth County. National retailers in the area include Walmart Supercentre, Food Basics, Zehrs, The Beer Store, Value Village, and Michaels.
The site is located directly across the street from Festival Marketplace, the city’s largest retail centre, anchored by Canadian Tire, Sport Chek, LCBO, Winners, and Dollar Tree. Surrounding this commercial node is an established residential neighborhood with over 19,000 residents living within 3 km of the site.
Address: 1076 Ontario Street, Stratford, Ontario
Intersection: Ontario Street / Highway 8 and C. H. Meier Boulevard
GLA: 19,999 SF
Site Area: 2.55 acres
Parking: 102 parking stalls (5.1 per 1,000 SF)
WALT: 15 Years
Situated on 2.55 acres, the Staples has a gross leasable area of 19,999 SF with premium visibility and ample on-site parking.
The Property is located on Ontario Street / Highway 8 in Perth County’s most dominant retail node, easily accessible by vehicle and public transit.
This Sale-Leaseback offering provides investors with the opportunity to acquire a national covenant tenant with a new 15 year term in a growing community in Stratford, Ontario.