4155 Fairview Street, Burlington | For Sale – Retail

4155 Fairview Street, Burlington | For Sale – Retail

Prime, High-Traffic Location

High-traffic location on a major east-west arterial road – estimated daily vehicular traffic of 40,000 cars along Fairview Street and 250,000 along the QEW.

Prominent Exposure

High-visibility retail asset with a prominent exposure of more than 400 feet on Fairview Street, a major arterial road in the center of Burlington.

Stable Cashflow with Revenue Growth Opportunities

The Property has a weighted average remaining lease term of 4.6 years as per the latest rent roll from Sept 1st, with revenue growth throughout the term through contractual rental increases. The current combined average net rental rate is $19.04 per square foot, providing strong net operating income on closing as well as significant revenue growth opportunities as existing below market leases roll to market rates.

Robust Local Trade Area

The subject Property is located along the main commercial arterial servicing an established residential community to the south as well as a major employment area to the north. The estimated daytime population within a three-kilometer radius of the Property is 66,881, supported by an average household income of approximately $138,700. This strong income profile, combined with a substantial daytime population, underpins steady demand for retail

goods and services in the area.

Diversified Tenant Mix

The Property is currently 96% leased to a diverse mix of independent 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. The two largest tenants include Piper Arms – a popular local restaurant/pub, and Swadesh Supermarket – an Indian grocery store chain with three locations in Hamilton and Burlington. Both tenants drive high customer traffic at the Property that is beneficial to all businesses.

Future Population Growth and Intensification

There are a number of significant proposed residential projects in the surrounding area, including the Fairview at Burlington GO, the Burlington Centre Redevelopment, and the Oval Court Development. Collectively, these projects, if approved, would add more than 8,700 new residential units to the area. This substantial increase in density is expected to drive