Catylist ID: #30171426
Retail Investment Opportunity in Morden
Shopping Center for Sale
|Catylist Listing ID:||30171426|
|Property Subtypes:||Strip Center|
|Building Size (RSF):||34,742 SF|
|Gross Land Area:||2.30 Acres|
|Unit Price:||$84.91 PSF|
|Property Use Type:||Investment|
Overview / Comments
Colliers International is pleased to offer for sale a 100% freehold interest in an established retail shopping centre located at 288-302 North Railway Street in Morden, Manitoba.
The subject property is located in the heart of Morden’s downtown shopping node and, at an offering price of only $112 per rentable square foot, offers investors the opportunity to purchase a proven retail property in a strong rural Manitoba community.
• Shoppers Drug Mart and Giant Tiger anchored strip centre located in Morden’s downtown shopping node;
• Province of Manitoba’s lease extending to 2035 accounts for 40% of projected gross revenue, while national retailers Shoppers Drug Mart and Giant Tiger account for a further 48%;
• Morden is a vibrant community located in one of Canada’s fastest growing municipalities with a population of 8,500 and a trade area which services over 50,000 people; and
• Clear of financial encumbrances.
Offered for sale at $2,950,000 ($85 per rentable square foot) with all offers to be considered by the Vendor as received. A Confidential Investment Memorandum is available to qualified purchasers upon execution of a Confidentiality Agreement. Please contact Colliers at (204) 943-1600 for more information or visit www.collierscanada.com/winnipeg
|Zoning:||CC - CENTRAL COMMERCIAL|
Brian TaillieuColliers International - Brian Tailleu
Donald WhiteColliers International - Don White
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