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More details for 45-53 West Side Rd, Port Colborne, ON - Retail for Sale

West Side Place - 45-53 West Side Rd

Port Colborne, ON L3K 5Y7

Retail for Sale
92,666 SF

Port Colborne Retail for Sale - Southern GGH

Colliers Private Capital Investment Group (“theAdvisor”) is pleased to offer for sale a 100% freehold interest in 45 West Side Road (the “Property”), an institutional-quality 92,666 SF grocery-anchored shopping plaza in Port Colborne. Strategically positioned at the intersection of West Side Road and Highway 3, the Property benefits from excellent visibility, access, and proximity to key regional anchor tenants, and local public schools. The Property is 100% leased to a strong mix of nationally recognized service, discount, and daily needs tenants including No Frills, Dollarama, Pet Valu and Goodwill, supported by a weighted average lease term (“WALT”) of 4.04 years. The Property presents investors with further upside potential through the development of 3 retail pads, including 3 drive-thru’s, totaling 5,852 SF. Additionally, with a current average base rental rate of $8.93 per SF (net), investors have further cash flow upside through upcoming lease renewals. 45 West Side Road is ideally located within Port Colborne’s dominant commercial corridor, less than 2 km from Port Colborne General Hospital and within a short drive of Niagara College’s Welland Campus. The surrounding area is characterized by stable residential neighborhoods, with over 8,390 residents within a 3 km radius and strong average household incomes. The property offers significant long-term upside through potential intensification on the large 8.24-acre site, supported by flexible zoning and large frontages on major arterial roads. This offering provides investors the opportunity to acquire a stabilized, retail asset in one of the Niagara Region’s most established commercial nodes, with immediate cash flow and the ability to unlock additional value through lease renewals and retail pad development. Please execute the Confidentiality Agreement to access financial information: https://apps.colliers.com/DigitalDocs/Accept/1769379b-de0e-410c-917e-bd021376dae3