244 Graham Road

$2,700,000
Single Tenant Retail Investment Opportunity: 2,240 SF on 0.77 acres
Brand new quick service freestanding retail property leased to Tim Hortons with a double lane drive-thru

42.6043725, -81.6075729

Main Intersection
Graham Road & Munroe Street
Location
Elgin County, West Elgin
Address

244 Graham Road
West Elgin ON N0L 2P0
Canada

Share This Listing

Land Information

Total Size
0.77 Acres

Building Information

Overall Building Size
2,240 SF
Building Type
Retail with drive-thru
Zoning
Village Core (C1) Zone
MLS Number(s)
X7342732
X7342652
Property Highlights
  • Single tenant property fully leased to Tim Hortons
  • Brand-new development set to be completed by December 2023
  • Long term 20 year lease with TDL corporate covenant
  • Double lane drive-thru
  • Contractual rental increments every 5 years
  • 2 minute drive from Highway 401 on/off ramps
Details

The Offering

Lennard Commercial Realty, Brokerage (the “Advisor”) has been retained on an exclusive basis by Canadian Commercial (West Lorne) Inc. (the “Vendor”) to offer for sale a 100% freehold interest in a brand-new freestanding single tenant retail property located at 244 Graham Rd, West Elgin, ON (the “Property”).

The offering represents an exciting and rare opportunity to acquire a new quick service restaurant asset leased to Tim Hortons (the “Tenant”). As Canada’s leading coffee chain, Tim Hortons has nearly 4,000 locations across the country. The Tenant has signed a 20 year lease commitment and is set to open by December 2023. The asset benefits from a double lane drive-thru to help accommodate the large expected in-flow of vehicular customer traffic. With a national corporate covenant on the head lease, the Property provides for a stable and predictable long-term cash flow to any prospective investor.

The Property is located in West Elgin, Ontario at the corner of Graham Rd and Munroe Street. West Elgin is a bustling community within the county of Elgin and located just west of London, ON. The asset is a short drive from the on/off ramps of Hwy 401 and is strategically positioned to service not only the surrounding community but 401 commuters as well.

 

    Details

    Sign the online confidentiality agreement below (For Principals only)