High Street Retail Opportunity - JLL
For Sale
High Street Retail Opportunity 1955 Queen Street East, Toronto, ON
An excellent opportunity to acquire an urban street front retail asset located in the heart of the Beaches, fully leased to an International Fast Food Chain with over 50 Canadian locations.
jll.ca
Property Details: Lot Area: 2,950 square feet Frontage: 25 feet Depth: 118 feet Total Building Area: 1,500 square feet Ground Floor: 1,500 square feet Zoning: MCR T2.0 (c1.0; r2.0) Official Plan: Mixed Use Area
Location The property is located on the south side of Queen Street East between Kippendavie Avenue and Kenilworth Avenue in the heart of The Beaches neighbourhood. The Beaches area is known as one of the most vibrant neighbourhoods in the City of Toronto, due to its proximity to lifestyle amenities including shopping, transit and restaurants. Major projects within a few blocks of the property include; Heartwood the Beach (1884 Queen Street East) & Lakehouse Beach Residences (1960 Queen Street East).
Income and Tenancy
Key Highlights: •
Asking Price: $1,800,000
Prime location in the heart of The Beaches.
•
The one storey building is fully leased to Popeye’s Louisiana Kitchen until February 14th 2020, and has a net operating income of $72,000 per annum. Popeye’s is a chain of international fried chicken fast food restaurants founded in 1972 in New Orleans, and expanded into Canada in 1984.. Popeye’s currently has over 50 Canadian locations.
Surrounded by high-quality international and local retailers.
•
Fully leased to an International Fast Food Restaurant Chain.
• Surrounded by new residential development.
Offering Guidelines Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been retained by 1009558 Ontario Limited (the “Vendor”), on an exclusive basis, to sell 1955 Queen Street East, Toronto, Ontario (the ‘Property”). The Property is offered for sale at a price of $1,800,000 and will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited confidentiality and timely closing. Offers will be considered by the vendor on an as received basis and should be submitted to the attention David Horowitz and Elliot Medoff at 199 Bay Street, Suite 4610 Toronto ON M5L 1G3.
David C. Horowitz* Urban Investment Sales & Leasing Jones Lang Lasalle +1 416 525 2005 [email protected]
Net Operating Income: $72,000
• High quality interior finishes.
Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
DISCLAIMER Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
jll.ca
High Street Retail Opportunity 1955 Queen Street East, Toronto, ON
An excellent opportunity to acquire an urban street front retail asset located in the heart of the Beaches, fully leased to an International Fast Food Chain with over 50 Canadian locations.
jll.ca
Property Details: Lot Area: 2,950 square feet Frontage: 25 feet Depth: 118 feet Total Building Area: 1,500 square feet Ground Floor: 1,500 square feet Zoning: MCR T2.0 (c1.0; r2.0) Official Plan: Mixed Use Area
Location The property is located on the south side of Queen Street East between Kippendavie Avenue and Kenilworth Avenue in the heart of The Beaches neighbourhood. The Beaches area is known as one of the most vibrant neighbourhoods in the City of Toronto, due to its proximity to lifestyle amenities including shopping, transit and restaurants. Major projects within a few blocks of the property include; Heartwood the Beach (1884 Queen Street East) & Lakehouse Beach Residences (1960 Queen Street East).
Income and Tenancy
Key Highlights: •
Asking Price: $1,800,000
Prime location in the heart of The Beaches.
•
The one storey building is fully leased to Popeye’s Louisiana Kitchen until February 14th 2020, and has a net operating income of $72,000 per annum. Popeye’s is a chain of international fried chicken fast food restaurants founded in 1972 in New Orleans, and expanded into Canada in 1984.. Popeye’s currently has over 50 Canadian locations.
Surrounded by high-quality international and local retailers.
•
Fully leased to an International Fast Food Restaurant Chain.
• Surrounded by new residential development.
Offering Guidelines Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been retained by 1009558 Ontario Limited (the “Vendor”), on an exclusive basis, to sell 1955 Queen Street East, Toronto, Ontario (the ‘Property”). The Property is offered for sale at a price of $1,800,000 and will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited confidentiality and timely closing. Offers will be considered by the vendor on an as received basis and should be submitted to the attention David Horowitz and Elliot Medoff at 199 Bay Street, Suite 4610 Toronto ON M5L 1G3.
David C. Horowitz* Urban Investment Sales & Leasing Jones Lang Lasalle +1 416 525 2005 [email protected]
Net Operating Income: $72,000
• High quality interior finishes.
Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
DISCLAIMER Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
jll.ca
