- Location and Transportation
retail
Ref 678076
Shoppers Drug Mart Manitoba Retail Portfolio
2211 Pembina Highway
R3T 2H1 Winnipeg
Please contact us
Space available36,736 ft²
Summary
** Offer Deadline: May 30th at 4:30 PM **
JLL’s National Retail Investment Group and Capital Commercial Investment Services are pleased to offer for sale a 100% freehold interest in two Shoppers Drug Mart Anchored assets in Manitoba - 2211 Pembina Highway in Winnipeg and 382 - 390 Main Street in Steinbach (referred to individually as the “Property” and/ or the “Site,” and collectively as the “Portfolio,” the “Offering” and/ or the “Properties”). Both properties are being offered for sale either individually or as a portfolio.
JLL’s National Retail Investment Group and Capital Commercial Investment Services are pleased to offer for sale a 100% freehold interest in two Shoppers Drug Mart Anchored assets in Manitoba - 2211 Pembina Highway in Winnipeg and 382 - 390 Main Street in Steinbach (referred to individually as the “Property” and/ or the “Site,” and collectively as the “Portfolio,” the “Offering” and/ or the “Properties”). Both properties are being offered for sale either individually or as a portfolio.
The Portfolio is comprised of two assets, totaling 36,736 SF on 3.1 acres of land. The Properties are 100% occupied with an attractive weighted average lease term of 6.5 years, offering income stability and a strong long-term return profile. The sites are well designed, providing excellent parking, premium visibility and multiple access points.
The Properties are strategically located in their respective communities, situated on major local routes, providing ease of access and high traffic flow and are surrounded by other major retail drivers and in proximity to significant population density and growth.
Investment Highlights
Class A Covenant
The Portfolio features two stand-alone Shoppers Drug Mart’s with exceptional lease term remaining on both, providing investors with excellent stability from a first-class tenant covenant.
Premium Locations with Excellent Access
Both Properties are extremely well-located along major traffic arteries in within their respective neighbourhoods. Both Properties have multiple access points and are both situated at light controlled intersections.
Below Market Assumable Debt
Below market long-term debt available for assumption.
Opportunity to Acquire Scale
Opportunity for both scale and ease of management via acquisition of two single-tenant institutional quality assets.
Interested parties will be required to execute and submit the Confidentiality Agreement (CA) prior to receiving detailed information about the Property.