Vaughan, part of the Greater Toronto Area, is the 17th largest city in Canada with an exceptional location approximately 25 minutes from Downtown Toronto.
The Property is fully leased to Shoppers Drug Mart, which has been a tenant at the site since 2004 and has 3 x 5 year options to extend at the expiry of the current term.
Shoppers Drug Mart is Canada’s leading pharmacy retailer with more than 1,300 pharmacist-owned locations across the country. In 2014, Loblaw Companies Limited acquired Shoppers Drug Mart for $12.4 Billion.
Situated on a large 2.0 acre corner lot, the Property has significant future redevelopment potential being located just outside the Weston 7 Secondary Plan area.
The Property offers premium frontage and visibility along Highway 7, and is less than 1.5 km from Highway 400, providing easy access to the surrounding region via vehicle and public transportation.
A planning study was conducted on the Property and it was determined that a high-density residential development could be achieved on the site in accordance with the policy direction set out in the City’s Official Plan.
Address: 4000-4030 Highway 7, Vaughan, ON
Intersection: Highway 7 and Ansley Grove Road
GLA: 22,388 SF
Site Area: 2.0 acres
Tenant: Shoppers Realty Inc. (Shoppers Drug Mart)