937 Broad Street E, Dunnville, Ontario N1A 1H5

The property is located directly across from Tim Hortons on the Northwest corner of Broad Street E (Hwy 3) and Ramsey Drive. Prime Real Estate Brokerage is pleased to present the incredible opportunity to acquire a high-profile AAA commercial development site in picturesque Dunnville Ontario. This site is already 100% leased with long-term commitments from Shoppers Drug Mart, Taco Bell, and Burger King. The Property is 3.21 acres located in the primary commercial node occupying the northwest corner of the intersection of Broad Street East (Hwy 3) and Ramsey Drive and is surrounded by top national retailers including Tim Hortons, Home Hardware, Sobeys, and Canadian Tire. As the Buyer you will benefit from considerable development work already completed by the Seller essentially delivering a shovel-ready development project that any prudent investor/developer would be proud to have in their portfolio. This includes the full suite of reports required through the SPA process, including but not limited to hydrological, geotechnical, environmental, archeological, noise impact study, traffic impact study, and a complete engineered drawings package. Importantly, the Seller has already negotiated favorable leases with built-in rent escalations and 10-15-year initial terms with the three national tenants, offering long-term stability and predictable returns. The Seller has also negotiated a construction contract with the expectation to break ground in March-April 2024. Access to a comprehensive data room will be provided upon signing a confidentiality agreement. (id:27476)

Located in the charming town of Dunnville, Ontario, Prime Real Estate Brokerage is excited to offer an exceptional opportunity to purchase a prime AAA commercial development site. Situated on 3.21 acres at the prominent intersection of Broad Street East (Hwy 3) and Ramsey Drive, this property is fully leased with long-term commitments from renowned tenants such as Shoppers Drug Mart, Taco Bell, and Burger King. Surrounded by other top national retailers including Tim Hortons, Home Hardware, Sobeys, and Canadian Tire, this site is in the primary commercial node of the area.

As the potential buyer, you will benefit from the extensive development work already completed by the seller, making this a shovel-ready project that any savvy investor or developer would be proud to add to their portfolio. The seller has obtained all necessary reports and studies required for the SPA process, including hydrological, geotechnical, environmental, archeological, noise impact, and traffic impact studies, as well as a complete set of engineered drawings. Additionally, favorable leases with built-in rent escalations and long-term stability have been negotiated with the national tenants, offering predictable returns. Construction is expected to commence in March-April 2024, with access to a comprehensive data room available upon signing a confidentiality agreement.

This property, with a land size of 3.21 acres, is being offered for sale as freehold ownership. It is conveniently located on 937 Broad Street E in Dunnville, Ontario, with a postal code of N1A1H5. The site is zoned for commercial use and is in close proximity to schools, making it an ideal location for a variety of businesses. With all the necessary groundwork already completed, this is a rare opportunity to acquire a fully leased commercial development site in a prime location.