20-24 Peninsula Rd 10,547 SF 100% Leased Retail Building Marathon, ON P0T 2E0 $1,449,500 CAD ($137.43 CAD/SF) 9.05% Cap Rate

20-24 Peninsula Road presents an opportunity to acquire a 100% leased neighborhood commercial plaza located in the commercial core of Marathon, Ontario. The property consists of approximately 10,300 square feet on a 1.17-acre site and is occupied by a diversified roster of retail, food service, medical, personal service, and convenience-oriented tenants. The tenancy includes nationally recognized brands such as Circle K and Subway alongside established local operators that serve the surrounding community on a daily basis.
The asset benefits from stable in-place income generated by seven tenants and a weighted average lease term of approximately 3.7 years. The tenant mix supports consistent visitation and reduces dependence on any single industry, creating a balanced income profile. Several leases are reported to be below current market levels, offering potential future revenue growth through lease renewals and rent adjustments.
Positioned along Peninsula Road within walking distance of Marathon Centre Mall, Wilson Memorial General Hospital, and the Marathon Community Centre, the property serves as a convenient commercial destination for residents and visitors. Marathon functions as the largest service center between Thunder Bay and Sault Ste. Marie along the Trans-Canada Highway, supporting regional commercial activity and demand for everyday goods and services.
The property is also positioned to benefit from economic activity associated with the approved Marathon Copper-Palladium Project located approximately 10 kilometers north of the community. With construction anticipated to begin in fall 2026 and significant employment generation projected during both construction and operations, the development is expected to support increased demand for retail, food service, healthcare, and personal services within Marathon's commercial