98 Ontario Street

About this home

Opportunity to acquire a 100% freehold interest in 98 Ontario Street South, Grand Bend, Ontario, a strategically positioned freestanding grocery store leased to Loblaw Companies Limited (TSX:L), Canada's largest food and pharmacy retailer, under the No Frills banner. Located along Grand Bend's key commercial corridor and gateway to Lake Huron's shoreline communities, the Property serves as a critical retail amenity for both permanent residents and the region's substantial seasonal population influx, with peak weekend populations estimated to exceed 50,000 visitors and cottagers. Positioned along Ontario Street South/Highway 21, the Property functions as a key regional grocery destination within Southwestern Ontario's Lake Huron corridor. The Property is secured by a triple net (NNN) lease structure with approximately four (4) years remaining in the current term, providing investors with stable and predictable cash flow with near term upside in rents backed by the covenant strength of Loblaw Companies Limited while minimizing landlord obligations. In addition to the existing income stream, the Property presents a compelling value-enhancement opportunity with approximately 2.16 acres of excess land. The surplus land offers investors future redevelopment and intensification potential for complementary retail, residential, mixed-use, or additional commercial uses. Furthermore, the Property offers the potential to monetize seasonal dock rentals given its frontage along the river providing direct access to Lake Huron. Supported by increasing investment activity, residential growth, and continued recreational market expansion along the Lake Huron shoreline, this offering represents a rare opportunity to acquire a defensive grocery anchored retail asset with strong in-place tenancy, redevelopment upside, and exposure to one of Southwestern Ontario's most recognized lifestyle and tourism markets.

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