FoodLand Portfolio Sale
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FoodLand Portfolio Sale
12 Retail Properties in Multiple Locations
Investment Highlights
- Total GLA of 129,353 SF
- 100% leased
- National Covenant
- 12 freestanding properties
- NNN Leases
Executive Summary
Colliers National Investment Services is pleased to offer for sale a 100% freehold interest in a portfolio of 12 freestanding
grocery stores located in the provinces of Ontario, Nova Scotia, New Brunswick and Newfoundland. The portfolio comprises a
total GLA of 129,353 SF and each freestanding grocery store is leased on a long-term and fully net basis to Sobeys, providing a
strong and secure cash flow. Sobeys operates under the Foodland banner in Atlantic Canada and certain parts of Ontario.
The properties are situated in rural communities and occupy prime locations on the major commercial arteries in the heart of each
town. The portfolio is leased to the dominant grocery store catering to the daily shopping needs of each community. Two of the
Foodland grocery stores in Newfoundland and two in Nova Scotia sublease a portion of their premises to liquor stores, retail
branches operated by the provincial crown corporation Newfoundland Labrador Liquor Corporation (NLLC) and Nova Scotia Liquor
Corporation, respectively. The liquor stores further strengthen the customer draw to the properties.
This real estate investment offering provides a fantastic opportunity for investors to own a Sobeys-anchored retail portfolio in
EasternCanada that provides secure-cash flow and rental growth at predetermined rates upon lease rollover.
grocery stores located in the provinces of Ontario, Nova Scotia, New Brunswick and Newfoundland. The portfolio comprises a
total GLA of 129,353 SF and each freestanding grocery store is leased on a long-term and fully net basis to Sobeys, providing a
strong and secure cash flow. Sobeys operates under the Foodland banner in Atlantic Canada and certain parts of Ontario.
The properties are situated in rural communities and occupy prime locations on the major commercial arteries in the heart of each
town. The portfolio is leased to the dominant grocery store catering to the daily shopping needs of each community. Two of the
Foodland grocery stores in Newfoundland and two in Nova Scotia sublease a portion of their premises to liquor stores, retail
branches operated by the provincial crown corporation Newfoundland Labrador Liquor Corporation (NLLC) and Nova Scotia Liquor
Corporation, respectively. The liquor stores further strengthen the customer draw to the properties.
This real estate investment offering provides a fantastic opportunity for investors to own a Sobeys-anchored retail portfolio in
EasternCanada that provides secure-cash flow and rental growth at predetermined rates upon lease rollover.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 133,184 SF |
| Number of Properties | 12 | Total Land Area | 1.48 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 12 |
| Individually For Sale | 0 |
| Total Building Size | 133,184 SF |
| Total Land Area | 1.48 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
FOODLAND
171 Ambridge Dr, Iroquois Falls, ON P0K 1G0 |
Retail | 9,575 SF | 1953 | - |
|
FOODLAND
31 King St E, Kawartha Lakes, ON K0L 2W0 |
Retail | 10,173 SF | - | - |
|
FOODLAND
7 Front St, Georgian Bay, ON P0C 1H0 |
Retail | 8,342 SF | 1997 | - |
|
FOODLAND
327 Main St, Mattawa, ON P0H 1V0 |
Retail | 9,768 SF | 1943 | - |
| 11 Reach Rd, Newfoundland and Labrador, NL A0M 1A0 | Retail | 9,770 SF | - | - |
|
FOODLAND
169 Main St, Springdale, NL A0J 1T0 |
Retail | 13,751 SF | - | - |
| 91 Main St, Corner Brook, NL A0L 1K0 | Retail | 11,215 SF | - | - |
|
FOODLAND
21 Main St, Springhill, NS B0M 1X0 |
Retail | 14,952 SF | - | - |
|
FOODLAND
112 Brunswick St, Dalhousie, NB E8C 1H1 |
Retail | 12,000 SF | - | - |
|
FOODLAND
1867 Main St, Westville, NS B0K 2A0 |
Retail | 10,309 SF | - | - |
| 4500 Nova Scotia Trunk 1, Weymouth, NS B0W 3T0 | Retail | 10,381 SF | 1954 | - |
| 605 S Shore Hwy, Bay Bulls, NL A0A 1C0 | Retail | 12,948 SF | 1954 | - |
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FoodLand Portfolio Sale
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