Tesco / Poundstretcher Fenland Way 47,060 SF 100% Leased Retail Building Chatteris PE16 6RT $46,134,689 CAD ($980.34 CAD/SF) 5.76% Cap Rate

This investment opportunity comprises a modern, fully-let Tesco foodstore in Chatteris, Cambridgeshire. The property occupies a prominent location on the A141 Fenland Way, just 0.5 miles from the A141/A142 junction, ensuring strong regional connectivity to Cambridge, Peterborough, and the wider East of England. The freehold asset extends to 4.94 acres and includes a large-format foodstore with 321 car parking spaces, resulting in a low site coverage of approximately 21.9 percent.
The property is the dominant food retail destination in Chatteris, with the only competing store being a smaller Aldi unit approximately 0.6 miles away. Secured by a 25-year lease to Tesco Stores Limited commencing September 2014, the investment benefits from 13.5 years remaining with upward-only RPI-linked rent reviews capped and collared between 0% and 5%. The current rent passing is £1,538,521 per annum.
Tesco plc is the UK’s largest grocery retailer with over 3,800 UK stores, a 28.5% market share, and a proven track record of financial resilience. This offers investors strong covenant security alongside consistent income growth potential. The property also presents future value-add opportunities, with scope for developing a drive-thru or EV charging facilities on the surplus land, subject to planning.