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327 – 333 QUEEN STREET WEST TORONTO URBAN RETAIL OFFERING | 2 327 – 333 Queen Street West Toronto

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327 – 333 QUEEN STREET WEST TORONTO URBAN RETAIL OFFERING | 2 327 – 333 Queen Street West Toronto CBRE Limited 1 | 327 – 333 QUEEN STREET WEST TORONTO URBAN RETAIL OFFERING | 2 327 – 333 Queen Street West Toronto TABLE OF CONTENTS CBRE Limited 3 | 01 The Offering 02 Property Overview 03 Market Overview 04 Tenancy Summary 05 Financial Overview 06 The City of Toronto 07 Offering Process | 4 327 – 333 Queen Street West Toronto THE OFFERING CBRE Limited 5 | CBRE Limited (“CBRE”) is pleased to offer for sale a signature retail opportunity, situated in the heart of Queen West - Canada’s most exciting and dynamic fashion retail strip. This offering, which is located at 327-333 Queen Street West, Toronto (the “Property” or the “Site”) presents a ~15,700 sq. ft., newly completed (2013), \ The Property boasts approximately 56 feet of prime frontage that is strategically positioned on the south side of Queen Street West, east of Spadina Avenue at the southern terminus of Beverly Street. Size In-Place Rent WALT Expiry American Eagle 5,266 $93.64 8.0 Jan-25 Yyoga 10,495 $31.00 6.8 Oct-23 TOTAL 15,761 $51.93 7.2 - | 6 327 – 333 Queen Street West Toronto 2% RETAIL VACANCY $110-$140 ASKING RETAIL RENTS POPULATION ~305,000 3KM RADIUS 53 ACTIVE DTW CONDO PROJECTS CBRE Limited 7 | INVESTMENT HIGHLIGHTS IDEALLY SITUATED IN THE HEART OF QUEEN WEST – TORONTO’S MOST EXCITING RETAIL NEIGHBOURHOOD Queen West represents the heart of urban lifestyle within Toronto, offering a diverse mix of ]S" retailers call Queen West home, including brands such as Zara and H&M, not to mention \ FULLY LEASED WITH RENTAL RATE UPSIDE POTENTIAL #\ $$\%'* space along Queen West, contract rents for the Property are currently considered to be below- market. NEWLY CONSTRUCTED WITH BEST-IN-CLASS FINISHES #+/48\'\" Queen Street. PREMIUM STREETFRONT PRESENCE AND ACCESSIBILITY The Property’s premier location along Queen Street, surrounded by Toronto transit infrastructure 9:\ - an invaluable asset for retail tenants. 99 10 0 Walk Score Transit Score 327 – 333 Queen Street West Toronto | 8 GO TRANSIT LINE UNION STATION KING STREET WEST ST. ANDREW STATION ADELAIDE STREET WEST 327-333 QUEEN STREET WEST UNIVERSITY AVENUE RICHMONDRRICCHHMOMOONNDDST STREETSTTRREEETETTTW WESTWEESTST YONGE-UNIVERSITY SUBWAY T DUNCAN STREET 5 MIN WALK (400 M) TO OSGOODE STATION JOHN STREET OSGOODE STATION PETER STREET QUEEN STREET WEST BEVERLY STREET 327-333 Queen Street West: At the heart of » one of the highest concentrations of tourist and pedestrians in Toronto CBRE Limited 9 | GARDINER EXPRESSWAY LOCATION OVERVIEW FRONT STREET WEST 327-333 Queen Street West occupies a premier street-front location along Queen Street in the heart of Toronto’s Entertainment District. \#" " \ # # \ SPADINA AVENUE situated in a unique area of Downtown Toronto between Spadina and University Avenues, where premiums are achieved for condo, \;<# Bell Lightbox – the home base for the annual Toronto International = =' > \ ' ? Entertainment District is the city’s fastest growing residential area, experiencing unprecedented development supported by excellent public infrastructure. The Property is sits atop the 501 Queen Street : ' \ as well as connections with the Yonge-University subway line at both Osgoode Station and Queen Street Station. The combination of premier location, rapid development, and unmatched transit ' ' \ \ uses in Toronto’s most invigorating and rapidly intensifying district. | 10 327 – 333 Queen Street West Toronto PROPERTY OVERVIEW CBRE Limited 11 | | 12 327 – 333 Queen Street West Toronto PROPERTY PROFILE 327-333 Queen Street West is a unique newly PROPERTY DETAILS built building, completed in 2013. The property Address 327-333 Queen Street West comprises 15,761 sq. ft. of rentable area and showcases 56 feet of frontage along the trendy Size (sq. ft.) 15,761 Queen Street West. The building features a Acres 0.36 combination of brick veneer masonry and stone Occupancy 100% tiles that seamlessly integrate the newly constructed Storeys 3 property with the surrounding historic area. The Class A Property consists of three levels, at grade retail Year Built 2013 space is entirely occupied by American Eagle \' Typical Floor Plate (sq. ft.) 5,200 by YYoga – the largest corporately owned yoga WAVG Inplace Rent American Eagle: $93.64 company in Canada. YYoga: $31.00 Term 7.2 years Additional Rent CAM $2.21 Realty Taxes $20.23 Projected NOI $814,826 Financing Free and Clear 5 YEAR NOI Year 1 Year 1 Year 2 Year 3 Year 4 Year 5 PSF Dec-2017 Dec-2018 Dec-2019 Dec-2020 Dec-2021 INCOME PROJECTION Base Rental Revenue $52.40 $825,839 $844,371 $880,170 $890,596 $901,233 Absorption & Turnover Vacancy $0.00 $0 $0 $0 $0 $0 Scheduled Base Rental Revenue $52.40 $825,839 $844,371 $880,170 $890,596 $901,233 Operating Recovery $2.39 $37,745 $38,907 $40,108 $41,346 $42,629 Admin Fee Recovery $3.23 $50,980 $52,638 $54,378 $56,158 $58,011 Realty Tax Recovery $20.02 $315,602 $323,493 $331,580 $339,870 $348,367 Total Reimbursement Revenue $25.65 $404,327 $415,038 $426,066 $437,374 $449,007 Potential Gross Revenue $78.05 $1,230,166 $1,259,409 $1,306,236 $1,327,970 $1,350,240 General Vacancy -$1.56 ($24,603) ($25,188) ($26,125) ($26,559) ($27,005) Effective Gross Revenue $76.49 $1,205,563 $1,234,221 $1,280,111 $1,301,411 $1,323,235 EXPENSE PROJECTION Operating Cost $2.47 $38,967 $39,942 $40,936 $41,963 $43,010 Realty Tax $20.02 $315,603 $323,492 $331,581 $339,869 $348,366 Non-Recoverable $0.00 $0 $0 $0 $0 $0 Management Fee $2.29 $36,167 $37,027 $38,403 $39,042 $39,698 Total Operating Costs $24.79 $390,737 $400,461 $410,920 $420,874 $431,074 Net Operating Income $51.70 $814,826 $833,760 $869,191 $880,537 $892,161 CBRE Limited 13 | | 14 327 – 333 Queen Street West Toronto FLOOR PLANS MAIN FLOOR HVAC PIPES UP DN FHC 20'-0" 16'-1" 25'-7" 20'-0" 20'-2" ELEV CLEAR HEIGHT CLEAR HEIGHT= 13' -11" =38'- 1" GARBAGE ROOM FHC 54'-11" DN UP 5'-5" x 15'-7" SECOND FLOOR HVAC PIPES DN UP FHC ELEV WINDOW DIMENSIONS OPEN TO BELOW AND LOCATIONS ARE APPROXIMATE CLEAR HEIGHT= 14' -5" 54'-7" FHC 31'-10" HVAC PIPES UP DN 76'-1" CBRE Limited 15 | SECOND FLOOR FHC DN HVAC PIPES ELEV RESTRICTED CLEAR HEIGHT= 10' -9" HEADROOM 54'-6" 10'-6" HVAC PIPES FHC 53'-1" LADDER DN TO ROOF BASEMENT 19'-3" 65'-10" UP 27'-5" FHC SPRINKLER ROOM ELEVATOR 6'-9" ELEV MACHINE CLEAR HEIGHT= 7'-1" x ROOM 22'-5" NO ACCESS PROVIDED FHC ELECTRICAL ROOM 23'-11" UP 13'-4" 327 – 333 Queen Street West Toronto | 16 GARDINER EXPRESSWAY FRONT STREET WEST GO TRANSIT LINE UNION STATION KING STREET WEST ST. ANDREW STATION ADELAIDE STREET WEST JOHN STREET RICHMOND STREET UNIVERSITY AVENUE DUNCAN STREET YONGE-UNIVERSITY SUBWAY 5 MIN WALKK (0((40044000 MM) TOTO OOSOSGOOOSGOODESGGOOOODDE SSTASTATIONTAATTIOIOON QUEEN STREET WE OSGOODE STATION 327-333 QUEEN STREET WEST BEVERLYB STREET CBRE Limited 17 | PUBLIC TRANSIT ACCESS 510 STREETCAR The Property features exceptional public transit access serviced by a number of existing routes. Situated on top of the 501 Queen Streetcar route – Toronto’s longest surface route – the Property provides excellent access to the Financial Core as well as direct connections with the Yonge- SPADINA AVENUE University subway line at both Osgoode Station and Queens Station. The 501 streetcar route is the third busiest in the city with over 43,000 daily 504 STREETCAR riders. The 510 Spadina streetcar, the cities second busiest route with 44,000 daily riders, is located only a short walk west of the Property. The 510 Spadina streetcar route, with its dedicated right-of-way access provides north-south service along the Spadina Avenue offering direct connections PETER STREET with the King Street West, Dundas West and College Street streetcars, as well as the Bloor Street subway line at Spadina Station. T WEST #\"%G# Express Airport transit network. #\J EST 501 STREETCAR expanding the existing bicycle infrastructure. The Property is conveniently J " Westbound and Eastbound access available via Richmond and Adelaide Streets, respectively. The property is also in extremely close proximity to several of Toronto’s Bike Share locations, providing unparalleled transportation access to the Property. | 18 327 – 333 Queen Street West Toronto 2016 DEMOGRAPHIC SNAPSHOT - DOWNTOWN WEST DEMOGRAPHIC % TOTAL POPULATION PROFILE 2011 estimated 54,131 19.60% 2016 estimated 64,717 13.80% " \ 2021 Projected 73,620 through urbanization and immigration. It is V \ % Pop. Change (2011-2016) 19.60% populous city in North America supporting a % Pop. Change (2016-2021) 13.80% total population of 6.1M as of 2015. Downtown 2016 Total Population by Age 64,717 West is the most popular residential area in downtown Toronto, experiencing staggering population growth of 19.6% from 2011-2016, AGE GROUP and projected to increase 13.8% from 2016- 0 to 4 years 2,613 4.00% 2021. In addition to an exceptional growth 5 to 19 years 4,489 6.90% \ ] : " income characteristics with an average annual 20 to 24 years 3,791 5.90% household income of $100,975 as of 2016, 25 to 34 years 20,558 31.80% projected to increase by 17.7% by 2021. 35 to 44 years 14,832 22.90% Downtown West is a highly sought-after 45 to 54 years 7,377 11.40% location for young professionals, situated in 55 to 64 years 5,187 8.00% close proximity to the downtown core and well- serviced by the existing TTC network. Overall, 65 to 74 years 3,063 4.70% 55% of the population is between the ages 75 years & over 2,807 4.00% of 20-44 and with a mix of residential and Median Age 35.5 employment uses in the Downtown West.
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