171 Ambridge Dr - FOODLAND Local commercial | 890 m²

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 134, 258 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.