BEST-IN-CLASS COVENANT: LCBO is a provincial Crown corporation and is the world’s largest buyer and retailer of beverage alcohol with more than 660 retail stores. LCBO is a highly sought after, proven ‘AAA’ covenant.
STRONG FINANCIALS: The Property offers the investor secure future income. The LCBO accounts for 86.9% of total base rent with a healthy remaining term of 12.6 years.
NEWLY DEVELOPED: The LCBO was constructed in 2016 with superior asset quality. The construction quality meets today’s design standards of the most sought-after national tenants with a modern façade and fresh new interiors.
EXCELLENT LOCATION: Picton is the largest community, shopping destination, and business centre in Prince Edward County. The site is situated on a 0.88 acre corner lot along Picton’s Main Street (Highway 33/Loyalist Parkway) where it capitalizes on premium frontage and visibility.
AMPLE PARKING: The Property is well-designed and features 42 parking stalls which achieves an ample parking ratio of 4.12 stalls per 1,000 SF of GLA.
EASILY ACCESSIBLE: The Property features two access points – one along Picton’s Main Street and the other via Lake Street.
Address: 2 & 4 Lake Street, Picton, ON
Intersection: Lake Street (Highway 10) and Main Street (Highway 33/Loyalist Parkway)