INVESTMENT OPPORTUNITY Iconic open format retail centre in an affluent community Burnhamthorpe Mall | Etobicoke, Accelerating success.

427

43,386 Cars Per Day

SUBJECT PROPERTY

Burnhamthorpe Road The Burnhamthorpe Mall OFFERING Colliers International (the “Agent”) has been retained by the Vendor as exclusive agent to arrange for the offering and sale of a 100% freehold interest in Burnhamthorpe Mall, located at 666 , , Ontario (the “Property”).

The Property is located on a 5.71 acre site, approximately 800 meters west of the Highway 427 interchange along the south side of Burnhamthorpe, a major arterial road with average traffic volume of approximately 43,386 vehicles per day. Centrally located in the Etobicoke sub-market, the Property’s trade area is defined by a three kilometer radius that spans approximately 31,553 households, a population of 84,493 and multiple affluent neighbourhoods. The immediate trade area of the Property is the Markland Wood neighbourhood, a primarily single family household neighbourhood with median home values and average household incomes exceeding the Toronto statistics by 12% and 23% respectively.

The Property is a thriving 70,621 SF open format retail centre that is 98.8% leased to an impressive mix of destination, service and convenience retail tenants including LCBO, The Beer Store, Shoppers Drug Mart, Starbucks, Popeyes Louisiana Kitchen, Pet Valu, Pizza Hut and CIBC. It is the primary open format retail centre within the trade area and has limited direct competition.

Approximately 68% of the year one net operating income (NOI) at the Property is generated by national tenants with a weighted average lease term (WALT) of 7.9 years, which offers investors strong cash-flow stability. The WALT for the remaining tenants at the Property is 2.9 years, providing the opportunity to improve the tenant roster and cash-flow in the near term.

OPPORTUNITY AT A GLANCE

98.8% 70,621 SF 5.71 Acres 68% NOI 6.3 Years 5.1/1,000 SF OCCUPANCY TOTAL RENTABLE TOTAL SITE SIZE GENERATED BY WEIGHTED AVERAGE PARKING RATIO AREA NATIONAL TENANTS LEASE TERM Investment Burnhamthorpe Mall HIGHLIGHTS

Centrally Located, Primary Retail Centre for Affluent Etobicoke Area

• Centrally located in the Etobicoke sub-market with close proximity to affluent neighbourhoods. • Limited competing retail centers with comparable tenant quality within immediate area. • Strong visibility along Burnhamthorpe Road, an arterial road with average daily traffic volume of 43,386 vehicles per day. • Easily accessible site with multiple entry points and a signalized intersection. • Ample parking ratio of 5.1 stalls per 1,000 SF of leaseable area.

Strong Tenant Mix of National Tenants Offering Cash Flow Stability

• The Property is leased to a strong roster of national tenants including LCBO, The Beer Store, Shoppers Drug Mart, Starbucks, H&R Block, Kumon, Hasty Market, Popeyes Louisiana Kitchen, Pet Valu, Pizza Hut and CIBC. • National tenants at the Property generate 68% of year one NOI and have a weighted average lease term of 7.9 years providing an investor with long term cash flow stability. • Average tenant occupancy of 15 years (calculated as tenant start date until January 1, 2019).

Opportunity to Increase Quality of Tenants and Cash Flow in Near Term

• The majority of upcoming lease expiries are for local and regional tenants. The WALT for these tenants is 2.9 years, which provides the opportunity for an investor to increase the quality of tenants and cash flow. • Multiple tenant leases contain redevelopment/relocation clauses, which creates an opportunity to re-configure and optimize the layout of the Property. • Landlord friendly template lease providing for recovery of repairs and replacements and an administrative fee. Property Burnhamthorpe Mall DETAILS

Signalized Intersection

AD O R PE HOR S T A AM LCBO NH T BUR U R N R O AD

The Beer Store

Kumon Hasty Market

CIBC Shoppers Drug Mart Party Land

Pizza Hut Pot O’ Gold New Waves Wireless Point Walking Path E-Convenience Access 2nd Storey Office Starbucks Popeyes Louisisana Kitchen Sympatico Cafe BurnhamthorpePet Health Valu Centre Dry Cleaners

Markland Pub

CIBC

Renforth H&R Block Vet Clinic

Barber

Rutherford Massage Leased (SF) Vacant (SF) Total (SF) % Total GLA Pad 22,842 - 22,842 32.3%

Commercial Retail Unit 40,840 - 40,840 57.8% Lower Level 2nd Storey Office 2,685 815 3,500 5.0%

Lower Level 3,439 - 3,439 4.9%

Note: For illustration purposes only Total 69,806 815 70,621 100% Tenant Burnhamthorpe Mall BREAKDOWN

LCBO NATIONAL TENANT AREA LCBO 11,609 SF

% 17 Shoppers Drug Mart 11,233 SF Local & Regional Tenants CIBC 4,520 SF 31% Pet Valu Canada Inc. 4,260 SF Shoppers TENANT Drug Mart PROFILE 16% The Beer Store 3,880 SF BY AREA Starbucks 3,489 SF

2% 69% Hasty Market 2,941 SF % National 2 7% Tenants Kumon % 2 Popeyes Kitchen 1,720 SF Pizza Hut % 2 6 % % H&R Block 4 6 % CIBC % H&R Block Canada Inc. 1,710 SF Popeyes Kitchen 5 Pet Valu Pizza Hut 1,428 SF Hasty Market Starbucks The Beer Store Kumon 1,164 SF

LOCAL & TOTAL NATIONAL 47,954 SF REGIONAL 21,852 SF OCCUPIED 69,806 SF Property Burnhamthorpe Mall FEATURES

Successful, centrally located open Serves an affluent and populous trade No comparable retail centres in trade format retail centre area in the Etobicoke sub-market area with similar quality of tenants

 Mix of destination, service and Ample parking ratio of 5.1 Multiple access points with convenience retail tenants stalls per 1,000 SF signalized intersection off Burnhamthorpe Road & Saturn Road

90% of Property is comprised of 69% national tenants with a WALT Potential to reposition by upgrading street level retail of 7.9 years offering strong tenants tenant mix as regional tenants’ and stable cash flow leases roll

Shoppers Drug Mart Popeyes Louisiana Kitchen LCBO Repositioning Burnhamthorpe Mall POTENTIAL

CURRENT

ARTIST CONCEPT

Note: Artist Concept solely for illustration purposes Premier Retail Centre in the Central Burnhamthorpe Mall ETOBICOKE TRADE AREA TRADE AREA - 3KM RADIUS

NUMBER OF HOUSEHOLDS 31,553

ERINGATE TOTAL POPULATION Renforth Drive Anchoring Tenant 84,493 401 Tim Horton’s RATHBURN BMO Pizza Hut Anchoring Tenant LABOUR FORCE Shoppers Drug Mart 45,127

Rathburn Road EATONVILLE Anchoring Tenant MEDIAN AGE No Frills Burnhamthorpe Mall Anchoring Tenant TD Bank 44 Yrs Anchoring Tenants Planet Bowl ROCKWOODVILLAGE Tim Horton’s Shoppers Drug Mart Pet Valu Starbucks Coffee Hasty Market MARKLAND WOOD LCBO Popeyes Kitchen IMMEDIATE TRADE AREA The Beer Store H&R Block Canada Kumon CIBC Compared to City of Toronto W Dixie Road Anchoring Tenants Longos Anchoring Tenant AVG. HOUSEHOLD INCOME Shoppers Drug Mart Royal Bank Scotiabank MARKLAND Starbucks 23% Higher Subway WOOD Subway

Anchoring Tenant MEDIAN HOME VALUE McDonald’s Dollarama 12% Higher Burnhamthorpe Road

427 OWNER OCCUPIED HOMES 44% Higher

SINGLE FAMILY HOUSEHOLDS W 17% Higher

% POSTSECONDARY CERTIFICATES Surrounding Retail Centre 10% Higher

NO COMPARABLE RETAIL COMPETITION Source: PiinPoint & Statistics Canada Offering Burnhamthorpe Mall DETAILS Interested parties are required to sign a Confidentiality Agreement prior to receiving additional information on this offering. Please contact us for a copy of the Confidentiality Agreement or download a copy from the email link.

Interested parties to submit offers on February 12th, 2019 by 4 p.m EST.

CONTACT US:

CHARLES JOYCE VICTOR COTIC GORD COOK THOMAS CATTANA Associate Vice President Vice President Executive Vice President Transaction Manager +1 416 620 2832 National Investment Services + 1 416 620 2831 + 1 416 620 2863 [email protected] + 1 416 620 2892 [email protected] [email protected] [email protected]

Colliers International | 401 The West Mall, #800 | Toronto, ON M9C 5J5 | +1 416 777 2200 | collierscanada.com Accelerating success.