9320 Highway 93
Midland, ON L4R 4K4
Rona · Retail Property For Sale

The National Retail Group c/o McCOR Realties (Ontario) Inc. Brokerage. (the “Advisor”) has been retained by Midland (RI) Portfolio Inc. (the “Vendor”) on an exclusive basis to arrange the sale of their 100% interest in 9320 Highway 93, in Midland, Ontario. The asset features a 40,000 square foot freestanding Rona store on 4.5 acres. It is the only store serving Midland and the larger trade area. Located 40 minutes north of Barrie in Eastern Ontario. Midland contains established residential subdivisions, situated on the shore of Georgian Bay. This asset benefits from a great covenant, within a strong retail node. The Site is a rectangular-shaped property, approximately 4.5 acres in area, and contains three buildings/structures (i.e., the main Site building, which consists of the retail, warehouse and offices (the “main Site building”) and two material storage buildings (the “storage buildings”). The main Site building is a single-storey building with a mezzanine. According to the Site representative, the Site building has a footprint area of 40,000 square feet and covers approximately 20% of the total Site area. The Site which was developed in 2003 is located at the west side of Highway 93, in an area of mixed commercial land uses. The Site is bordered to the north by NOCO gas station and Harvey’s/Swiss Chalet restaurant; to the east by Highway 93, followed by commercial/retail land uses; to the south by a road allowance followed by a Zehrs grocery store and gas station; and to the west by undeveloped forested land. The Site building is slab-on-grade constructions (i.e., no basement or underground structures), and is constructed of a steel frame on a poured concrete foundation, with concrete block walls and metal siding, and steel roof on steel trusses. Stormwater from the roof is discharged to the municipal storm sewer system via downspouts on the exterior of the Site building structure.