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Weber Street North Northfield Centre NORTHFIELD DRIVE WEST Te WEBER STREET NORTH FOR SALE NORTHFIELD CENTRE, WATERLOO PROPERTY SPECIFICATIONS THE OFFERING JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Address 585 Weber Street North Northfield Centre, a 52,089 SF dominant pharmacy-anchored centre situated on a large 5.24 acre Intersection Weber Street North and Northfield Drive West corner lot at the busy intersection of Weber Street North and Northfield Drive West in Waterloo, Ontario. Northfield Drive is currently 95.5% leased to a superior roster of national tenants GLA 52,089 SF including Rexall, RBC, Fit4Less, Tim Hortons, Dollar Tree, and Mr. Sub, with national tenants representing 91.4% of leased GLA. The Property offers the investor secure future cash flow a Site Area 5.24 acres healthy weighted average lease term of 6.45 years. Occupancy 95.5% Northfield Centre, with over 35,000 vehicles passing by daily, is located in the north end of the city, Rexall, RBC, Fit4Less, Tim Hortons, Key Tenants just off the Conestoga Parkway in Waterloo’s premier commercial node. The Property is located Dollar Tree, Mr. Sub directly across the street from Waterloo Corporate Campus, a 40-acre mixed use redevelopment WALT 6.45 Years consisting of retail, office, and a data centre. The Property is also located approximately 2 km from Conestoga Mall, Ontario’s 5th (Canada’s 11th) most productive mall, drawing in over 5,900,000 visitors annually. Investment Highlights Located close to many major thoroughfares and highways, this Centre is easily accessible by vehicle and public transportation from across the region. Northfield Centre is positioned less • The site is surrounded by affluent, established residential than 500 m from Northfield Station, a stop on the Region of Waterloo’s Ion rapid transit system. neighbourhoods with over 30,000 residents within a 3 km radius and an average household income of $95,031 (2019). This population is forecast to grow by 5.05% over SITE PLAN NORT HLA Tenant KE DR the next 5 years. IVE Available • Situated on a large 5.24 acre corner lot where over 35,000 vehicles pass by daily, directly across the street from Waterloo Corporate Campus. NORTHFIELD DRIVE WEST AVAILABLE • The total value of building permits issued for new construction in Waterloo Region was a record $1.7 billion in 2019, an increase of 68 per cent over 2018, and 44 per cent higher than the 10-year average. • The Centre is well-designed with multiple access points and ample parking, and has been carefully leased to a diverse mix of needs-based and service-oriented tenancies which create a healthy draw to the centre. WEBER STREET NORTH Centrepoint Plaza, Belleville 3 N Conestoga Mall SmartCentres Waterloo Waterloo Corporate Campus Northfield Centre Kingspoint Centre NORTHFIELD DRIVE WEST WEBER STREET NORTH For more information please contact: Matthew Smith* Nick Macoritto* Mark Leshchyshyn* Executive Vice President, Practice Lead Executive Vice President Sales Associate National Retail Investment Group National Retail Investment Group National Retail Investment Group +1 416 304 6004 +1 416 238 5874 +1 416 304 6022 [email protected] [email protected] [email protected] www.retailinvestment.ca * Sales Representative.
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