Prime Real Estate Brokerage is pleased to present the incredible opportunity to acquire a high-profile AAA commercial development site in picturesque Dunnville Ontario. This site is already 100% leased with long-term commitments from Shoppers Drug Mart, Taco Bell, and Burger King. The Property is 3.21 acres located in the primary commercial node occupying the northwest corner of the intersection of Broad Street East (Hwy 3) and Ramsey Drive and is surrounded by top national retailers including Tim Hortons, Home Hardware, Sobeys, and Canadian Tire. As the Buyer you will benefit from considerable development work already completed by the Seller essentially delivering a shovel-ready development project that any prudent investor/developer would be proud to have in their portfolio. This includes the full suite of reports required through the SPA process, including but not limited to hydrological, geotechnical, environmental, archeological, noise impact study, traffic impact study, and a complete engineered drawings package. Importantly, the Seller has already negotiated favorable leases with built-in rent escalations and 10-15-year initial terms with the three national tenants, offering long-term stability and predictable returns. The Seller has also negotiated a construction contract with the expectation to break ground in March-April 2024. Access to a comprehensive data room will be provided upon signing a confidentiality agreement. (id:47423)
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Detailed Information
Lot
360 x 0 ft
Amenities Nearby
Schools
Community Features
High Traffic Area
Features
Visual exposure
Listing Contract Date
2024-01-24
Location Description
The property is located directly across from Tim Hortons on the Northwest corner of Broad Street E (Hwy 3) and Ramsey Drive.
Ownership Type
Freehold
Property Type
Retail
Transaction Type
For sale
Zoning Description
CS
Building
Basement Type
None
Stories Total
1
Size (Exterior)
21026
Utility Water
Municipal water
Land
Total Size
3.21 acres
Access Type
Road access, Highway access
Acreage
Yes
Amenities
Schools
Sewer
Municipal sewage system
Size of Irregular Land
3.21
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