38 Haniak Road

Lennard Capital Markets is pleased to present the opportunity to acquire 38 Haniak Road, Thunder Bay, Ontario (the “Building”, “Property” or “Site”). The Property is being sold under a long term absolute NNN sale-leaseback structure, with the lease guaranteed by an established operating company, servicing the Thunder Bay and Northern Ontario market of over 45 years.

Highly Secured Investment

Offered at a 8.7% cap rate, the Property presents an attractive yield, secured at pricing well below replacement cost a. The rugged terrain of Thunder Bay makes new developments expensive and time consuming, placing high demand on existing assets.

Strong Market Fundamentals

With a very little industrial vacancy rate in Thunder Bay, ON, the lack of available inventory places high demand from users on product that becomes available to the market, for both sales and leasing.

Long Term Predictable Cash Flow

The 15-year leaseback with renewal options provides a stable and predictable cash flow from a leading Thunder Bay structural steel fabricator. Annual rent escalations creates income growth throughout the lease term and renewal periods.

Quality Tenant

With a 45 year track record, the tenant is a well known and respected company in the Northern Ontario market, with a near monopoly on servicing the Greater Thunder Bay Area. Please refer to the data room for an overview of the tenant. NDA required.

High Growth Sector & Municipality

Thunder Bay, ON, boasts high growth potential, driven by its thriving mining & lumber sector. Rich in precious minerals, the city's robust mining & lumber industry continues to attract significant investment, creating numerous job opportunities and fostering economic development in the region.