244 Graham Road
-
Sold: Retail -
Sold: Retail -
Sold: Retail -
Sold: Retail
42.6043725, -81.6075729
244 Graham Road
West Elgin ON N0L 2P0
Canada
Listing Agents
Land Information
Building Information
PART OF LOT 18 CONCESSION 8 ALDBOROUGH DESIGNATED AS PART 2 ON 11R10916; MUNICIPALITY OF WEST ELGIN
- 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
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.
