FOR SALE

McAllister Place, Saint John, NB
Investment Highlights:
  • Strategic Location - McAllister Place is the dominant shopping destination in Saint John and occupies a high-profile position fronting on McAllister Drive and Westmorland Road, two busy arterial thoroughfares providing easy access to the surrounding region. The Property benefits from access to the Trans-Canada Highway, less than 2 km away.
  • Heart of Dominant Retail Node - The Centre is located in Saint John’s most dominant retail node which draws consumers from across the province. This node is home to the country’s top national retailers and popular retail destinations including East Point Shopping Centre, SmartCentres Saint John, and Parkway Mall. Notable retailers in the immediate area include Costco, Canadian Tire, The Home Depot, Walmart Supercentre, and Kent Building Supplies.
  • Strong Tenant Mix - McAllister Place consists of a strong roster of national tenancies including Marshalls, HomeSense, Mark’s, SportChek, Lawtons Drugs, Party City, The Brick, Dollarama, GoodLife Fitness, Foot Locker, RBC, and many more. The Centre benefits from an attractive and diverse roster of tenancies serving a variety of consumer needs.
  • Strong Financials - Comprised of 399,710 SF, McAllister Place is 98.8% occupied with national tenants representing 96.6% of leased GLA. The Property offers the investor secure and increasing future cashflow with a healthy weighted average lease term of 4.8 years.
  • Potential for Residential Intensification - The City of Saint John’s Municipal Plan designates the site as “Regional Retail Centre” which encourages and considers proposals for higher density residential and mixed-use development. The are plans for up to 526 units of high and medium density residential development on an 11 acre portion of the site.​
Property Overview
Address:  ​519 Westmorland Road, Saint John, New Brunswick
Intersection:  Westmorland Road and Consumers Drive
GLA:  399,710 SF
Site Area:  79.12 acres (approximately 44 acres developed)
Key ​Tenants:  Marshalls, HomeSense, Mark’s, Sport Chek, Lawtons Drugs, Party City, The Brick, Dollarama, and GoodLife Fitness
​Occupancy:  98.8% (national tenants represent 96.6% of leased GLA)
WALT​:  ​4.8 years
Documents
Property Location
Contact us for more information:
Matthew T. Smith*
Executive Vice President
JLL's National Retail Investment Group
+1 ​416 304 6004
Nick Macoritto*
​Executive Vice President
​JLL's ​National Retail Investment Group
+1 ​416 238 5874
Ryan McCarthy*
Vice President, Retail
JLL Leasing
+1 416 391 6965
Elliot Medoff*
Director
TD Cornerstone Commercial Realty Inc.
+1 416 307 3388
Paul Moore*
President
Brunswick Brokers
+1 506 645 8488
Matthew Thrift
Vice President, Head of Underwriting
TD Cornerstone Commercial Realty Inc.
+1 416 308 7288
Derek Dermott
Managing Director
TD Cornerstone Commercial Realty Inc.
+1 416 315 3394
* Sales Representative

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