This 20,071 SFfree-standing Staples is located in Cobourg’s most dominant retail node adjacent to Northumberland Mall, the town’s largest enclosed regional shopping centre.
The property is situated on a 3.16 acre lot with frontage and access on Elgin Street West, one of the town’s busiest thoroughfares.
The site is conveniently located just off Highway 401, providing easy accessibility from across the region. National retailers in the immediate area drawing visitors from across the region include Metro, The Home Depot, Walmart Supercentre, Canadian Tire, Dollarama, and Mark’s. The site is also located just south of Northumberland Hills Hospital, which serves a population of approximately 60,000 residents.
Address: 1025 Elgin Street West, Cobourg, Ontario
Intersection: Elgin Street West and William Street
Site Area:3.16 acres
Parking: 115 Stalls (5.73/1,000 SF)
WALT: 15 Years
The property is fully leased to Staples, and offers secure and increasing cash flows with a brand new 15 year lease term and 10% rental escalations in years 6 and 11.
1025 Elgin Street West is a 20,071 SF freestanding Staples located in the heart of the Cobourg’s premier retail node with excellent frontage on Elgin Street West.
The property enjoys excellent exposure at the signalized intersection of Elgin Street West and William Street, and is steps away from the city’s busiest mall, Northumberland Mall.
The property features one ingress and egress point located on Elgin Street West. It also shares access with its two adjacent centres.