| Message Number | 411558 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | Have Brampton On Retail Plaza For Sale. Class A | ||||||||
| Business area |
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| Location, City | 20 Polonia Avenue Brampton | ||||||||
| Have/Want | Have | ||||||||
| Business category | Net Leased Investment | ||||||||
| Date of Listing | December 13 2022 | ||||||||
| Type Description | Retail Plaza with Banquet Hall | ||||||||
| Location | 20 Polonia Avenue Brampton On | ||||||||
| Building area | 54082 | ||||||||
| Building Area Comment | 15 units fully leased | ||||||||
| Site area | 2.86 acres | ||||||||
| Zoning | Service Commercial (SC) | ||||||||
| Comments | INVESTMENT HIGHLIGHTS
WELL-LOCATED WITHIN A ROBUST TRADE AREA Located in southwest Brampton, the subject Property is located just east of Chinguacousy Road and north of Steeles Avenue West within an established residential neighbourhood. Steeles Avenue West is a major arterial within the Municipality having a daily traffic count of approximately 35,000 vehicles at its intersection with Chinguacousy Road. The Property is also located a short distance northwest of the Mavis Road / Highway 407 interchange, positioning the site well to capture commuter traffic. Within a one kilometer radius of the Property there are 2,400 households with a population of nearly 10,000 residents. The median household income within this area is $105,000 per annum. It is anticipated that the Region of Peel will accommodate 21% of the growth in the Greater Toronto and Hamilton Area through 2051, with the City of Brampton expected to grow to 985,060 residents over the same period, an increase of 41%. DIVERSIFIED TENANT MIX & STABLE CASH FLOW The Property is 98% occupied by a diverse mix of essential needs retailers, including a high-performing local grocery anchor as well as a banquet facility and gym, all of which generate significant traffic to the centre. Other tenancies in the building include medical, dental, pharmacy and personal service businesses that serve the local community as well as attracting customers from a wider radius. The Property provides stable cash flow, with contractual revenue growth throughout the term, including a number of tenant renewals set to take place in 2024. FUTURE REDEVELOPMENT POTENTIAL The Property benefits from a favourable Residential designation within in the City of Brampton Official Plan, which contemplates uses ranging from single detached houses to high-rise apartments. In order to accommodate the growth anticipated in Peel Region, larger municipalities such as Mississauga and Brampton will need to pursue infill opportunities to accommodate additional residents and more compact housing forms will have to be pursued. There are currently seven active and proposed projects in close proximity, ranging from multi-tower projects to townhouses. Buildings of scale are also represented in the immediate area, with a nine-storey mid-rise building located adjacent to the Property. |
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| Internet Links | |||||||||
| Member Identifier | 2820 | ||||||||
| Control | MLS | ||||||||
| Name | Scott Anderson | ||||||||
| Title | Senior Vice President / Broker | ||||||||
| Company Name | Cushman & Wakefield Waterloo Region | ||||||||
| Address Line One | 4295 King Street East, Suite 401 | ||||||||
| City | Cambridge | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | N2P 0C6 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (519)585-2200 | ||||||||
| Cell Number | (519)240-3008 | ||||||||
| Home Number | (519)240-3008 | ||||||||
| FAX Number | (519) 650-5250 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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