Rare, On-Island Grocery-Anchored Retail Plaza: A rare opportunity to acquire a 100% freehold interest in a 206,830 SF grocery-anchored plaza located in Montréal’s growing LaSalle borough. This high-quality Property features a diversified tenancy profile of essential services that caters to a densely populated residential node.
Diversified Revenue Stream Generated by Leading National Covenants: Place LaSalle is currently 80% leased to a diverse mix of national, AAA covenants, including Super C, Pharmaprix, Tim Hortons, McDonald’s, SAQ, National Bank and Dollarama. These industry-leading tenants account for 59% of revenues and occupy 49% of the gross leasable area.
Dominant Centre in a Primary Retail Node: The Property is the dominant retail node in South LaSalle and services a densely populated consumer pool of 30,000 residents. Tenants have occupied this site for over 10 years.
Immediate Value-Add Potential: The former Cineplex unit can be repositioned while short-term tenants’ rents can be increased to market levels upon renewal. Zoning is flexible, allowing for medical, office and retail uses, thus providing a future investor with significant flexibility all in the heart of a fast growing sector. Overall, investors have a unique opportunity to stabilize the Asset and unlock its full revenue potential through active management.
Well-Configured Centre with Excellent Physical Features: Built in 1963 and fully renovated in 2012, the Property is well configured, offering excellent visibility with 1,200 feet of frontage on Champlain Boulevard. Customers enjoy seamless accessibility to the site, with nine access points on Champlain Boulevard, Bishop-Power Street and Gagné Street.
Address: 7800-8100 and 8080 Champlain Boulevard, Montreal, QC
Intersection: Champlain Boulevard and Bd Bishop-Power
Parking: 892 stalls (4.3 per 1,000 SF)
Key Tenants: Super C, Pharmaprix, Tim Hortons, McDonald’s, SAQ, National Bank, Dollarama