For Sale Contact Broker for Price - Investment View Property Brochure
3455 Fairview Street, Burlington | Retail Investment Opportunity – For Sale
Prime, High-Traffic Location
High-traffic location on a major east-west arterial road – estimated daily vehicular traffic of 60,000 cars along Fairview Street and 250,000 along the QEW.
Prominent Exposure
High-visibility retail asset with a prominent exposure of more than 740 feet on Fairview Street, a major commercial arterial.
Robust Local Trade Area
The subject Property is located within the main commercial area servicing an established residential community to the south as well as major employment area to the north. The estimated daytime population within a three-kilometer radius of the Property is 66,881. Furthermore, there is significant residential intensification occurring within close proximity to the Property including 1,844 units under construction and a further 6,480 units proposed.
Diversified Tenant Mix
The Property is 100% leased to a diverse mix of high-covenant essential national and local retailers, full and fast-service restaurants, medical and personal service businesses that serve the local community as well as attracting customers from a wider radius. Notable tenants include Cora’s, Kawartha Dairy Ice Cream, Little Caesar’s, Rogers Wireless and Tandia Financial.
Stable Cashflow with Revenue Growth
The Property has a weighted average remaining lease term of 3.1 years, with revenue growth throughout the term from contractual rental increases. The current combined average net rental rate is $19.31 per square foot, providing strong net operating income on closing.
Significant Residential Redevelopment Potential
Preliminary planning investigations completed by the Vendor indicate the Site could accommodate a midrise residential concept in a two or three building layout. Three options were considered, with the moderate scenario including 634,340 square feet of gross floor area and 817 residential units.
For more information, please contact:
Fraser Vrenjak | Sales Representative, Senior Vice President
Bob Vrenjak | Sales Representative, Senior Vice President
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