SIGNATURE RETAIL 349-351 INVESTMENT QUEEN STREET WEST OPPORTUNITY TORONTO, ONTARIO 52.16 FT OF QUEEN STREET WEST FRONTAGE 349-351 INVESTMENT HIGHLIGHTS A successful purchaser of the property will benefit from the following asset strengths: QUEEN STREET WEST ▸ High quality streetfront retail building with more than 52 feet of frontage on the desirable south side TORONTO, ON of Queen Street West between Peter and John streets ▸ Pure retail building fully leased to established retailers with strong tenant covenants ▸ Rear lane access provides for functional loading ▸ Free and clear offering allows the purchaser to implement their own debt strategy at favourable OPPORTUNITY current rates ▸ Demand for retail services is only increasing as residential intensification continues in the west part The Property represents a rare opportunity to acquire a of downtown Toronto streetfront retail building, fully leased to established local, ▸ Recent improvements to roof and HVAC national and international retailers. Located in the most desirable portion of the Queen Street West retail node, ▸ Future expansion potential through third storey addition the Property is situated in one of Toronto’s trendiest areas. This stretch is home to well-known retailers including American Eagle Outfitters, H&M, Gap, Zara, SF AREA WALK Club Monaco, Adidas, Arc’teryx, Aritzia, Brandy Mellville, 10,040 100 & TRANSIT SCORE Guess, lululemon, and the upcoming 40,000 square foot TOTAL BUILDING AREA Mountain Equipment Co-op flagship store. FRONTAGE ON The property is fully leased to a roster of high quality 52’ QUEEN STREET WEST 5.9 YEARS tenants, including a national and international chain. WEIGHTED AVERAGE LEAST TERM With an average remaining lease term of 5.9 years, the property provides stable cash flow with renewal options as well as very strong tenant covenants including Aldo, Little Burgundy and Black Market. Current average ground floor retail rents on the Peter-Spadina block are $93.96 per square foot with several recent transactions MARKET OVERVIEW reaching $140.00 per square foot. Queen Street West has experienced significant rental rate appreciation over the last five years with recent transactions eclipsing the $140.00 net per square foot mark. The vast number of mid-rise condo developments in the immediate area PROPERTY DETAILS continues to fuel the growth of this bustling retail node. With the Downtown West node expected to be among the fastest growing neighbourhoods in Canada, the retail market will continue to exhibit Type: Two-Storey Retail Building strength. This density has led to a substantial increase in pedestrian and vehicular traffic which has attracted national and international retailers Land Area: 5,595 square feet including Zara, H&M, lululemon, Adidas, NYX, Due West, and Aritzia among many others. Two notable retail projects taking place on the Frontage/Depth: 52.16 feet / 113 feet Peter-Spadina block include the 40,000 square foot MEC Flagship 10,040 square feet store scheduled to open Spring 2019 and the redevelopment of 336 Building Area: 4,600 square feet – Ground Floor Queen Street West, a four-storey office and retail development 5,440 square feet – Second Floor with a rooftop patio currently in the preconstruction phase. As institutional capital continues to hone in on Queen PIN: 214120053 Street West, outdated retail stores are being retrofitted or redeveloped leading to increased retail demand and Occupancy: 100% reduced vacancy rates - sub 2.0% in this node. Queen Zoning: MCR T3.0 (By-Law 438-86) Street West, with continued investment, population growth and trajectory, is expected to reach $150.00+ Official Plan: Mixed Use Area net per square foot by 2022.

Stabilized NOI: $550,020/Annum (Year 2)

Asking Price: $13,900,000

349-351 QUEEN STREET WEST, TORONTO BILLY BISHOP AIRPORT LOCATION & CONNECTIVITY

Toronto, North America’s fourth largest city, has seen tremendous growth with a current population of approximately 2.7 million residents and an expected population of over 3.0 million by 2026. Much of this increase can be attributed to immigration policy as well as gentrification and intensification throughout the city. Specifically, Downtown West has become highly desirable among a relatively younger demographic given its trendy nature and proximity to the Downtown Core. As of 2016, there are roughly 65,000 people living in Downtown West with approximately half being 25 to 44 years old, representing roughly 20% population growth from 2011 to 2016. In response to the increase in demand, there continues to be strong residential building activity with 4,560 active and 8,268 proposed condominium units in Downtown West as of Q4 2018.

The Property is situated in a high traffic pedestrian location that benefits from multiple transit routes. With FUTURE direct access to the Queen and Spadina streetcars, passengers can conveniently access the Downtown West SPADINA neighborhood via Union Station. In light of recent improvements to Billy Bishop Airport, a pedestrian tunnel GO STOP now connects Toronto’s mainland to the island for quick, reliable access. Metrolinx has also proposed a new Spadina-Front GO station to further increase access to Downtown West from across the GTA.

TRANSIT METHOD BREAKDOWN

Transit Score Bike Score Walk Score 100 91 100

SPADINA AVE. WALK TIMES Osgoode Subway Spadina Streetcar 5 minutes 5 minutes

JOHN ST.

349-351 PETER ST. QUEEN STREET WEST

QUEEN ST. W

SOHO ST. 510 SPADINA STREETCAR TTC Ridership: 43,464 501 QUEEN STREETCAR MEC Flagship TTC Ridership: 43,804

349-351 QUEEN STREET WEST, TORONTO 120 FRONT STREET EAST 5 RETAIL LANDSCAPE 349-351 QUEENSTREET WEST, TORONTO North sideofQueenStreet from Soho to John South sideofQueenStreet from Peter to Spadina South sideofQueenStreet from Johnto Peter

JOHN STREET

PETER STREET

SOHO STREET

SPADINA AVENUE Basil Box Ardene CIBC Bank Get Outside Horseshoe Tavern Due West Wind Mobile Guess H&M Nobis EB Games Shoes.com

Te Coop Urban Behaviour Steve’s Music Kiehl’s Rivoli Club Monaco G-Star Raw Sage Brandy Melville Cheerios Store Dr. Martens Goorin Brothers Adidas lululemon Reigning Champ Bell Canada Lush Gap Proposed PETER STREET Mountain Equipment Co-Op SOHOFlagship STREET Peter Pan Restaurant The Black Bull Tavern Mendocino NYX BEVERLEY STREET

RYU QUEEN STREETWEST Timbuk2 Fido Aritzia Claire’s

349-351 QUEENSTREET WEST Little Burgundy ALDO Icebreaker Merino Zara DavidsTea BEVERLEY STREET Arc’teryx Foot Locker Shoppers American Eagle Drug Mart YYOGA Brimz QUEEN STREET WEST 349-351 Scarpino Ho Su Bistro Second Yogurty’s JOHN STREETCup JOHN STREET Starbucks Bell Building Cafe Crepe Much MeWine Va Rack Me Music Bell Queen St. Media Food Market

Queen Street PizzaWarehouse Pizza

McCAUL STREET Stag Shop Aveda DUNCAN STREET Scotiabank

Subway Korean Grill House Trimurti Ginger Mucho Burrito QUEEN STREETWEST Queen Mother Cafe Touhemboku Ramen Ebisu Pho Vistro New Era Little India Daily Press Lavish & Squalor Beauty Queen ST PATRICK STREET Mi TacoTaqueria Friendly Stranger Adrenaline The Rex Atlas Condom Shack JOHN STREET Cops Records Wild Wing Nota Bene

CIBC SIMCOE STREET OSGOODE STATION

SPADINA AVENUE PETER STREET Rexall

UNIVERSITY AVENUE OFFERING GUIDELINES

▸ Cushman & Wakefield ULC, Brokerage, has been retained by F. K. Y. Investment Limited (the “Vendor”) as exclusive advisor (the “Advisor”) for the disposition of 349-351 Queen Street West, Toronto. The Property is being offered for sale at a price of $13,900,000 and will be sold free and clear of debt. The Vendor’s objective is to maximize sale proceeds and preference will be given to offers with limited (or no) conditionality and a timely closing. Offers will be accepted on or after April 23, 2019. ▸ To obtain access to the detailed offering materials, please download and submit an executed confidentiality agreement to the attention of Philip Traikos or Michael Betel.

Philip Traikos* Michael Betel* Senior Vice President Senior Associate Investment Sales Investment Sales 416 359 2455 416 359 2706 [email protected] [email protected]

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