N8R Retail Spaces for Sale

Retail Spaces for Sale Within 5 kilometers of N8R

1140 Lauzon Rd

Windsor, ON N8S 3N1

Retail for Sale
$2,800,000 CAD
3,738 SF

Windsor Retail for Sale

Great opportunity to own prime real estate located in a high traffic area surrounded by commercial and residential developments. This property is 1.24 acres with a 3000 sq ft building and 30 car parking lot. tenant is a popular restaurant with a long term lease. location and property size offer potential for new development or additional development. CD2.1 zoning permitted uses include medical, restaurant, business office, retail, etc. possible rezoning to residential or mixed use.

Contact:

Royal Lepage Binder Real Estate Brokerage

Property Subtype:

Restaurant

Date on Market:

2024-04-03

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GoodLife Windsor Portfolio

Retail for Sale
86,946 SF
2 Retail Properties

Portfolio of properties for Sale

On behalf of GL Windsor Limited Partnership and GL Windsor Inc. (the “Vendor”, “Owner”), CBRE Limited (the “Advisor”) is pleased to offer for sale a 100% freehold interest in 3920 Dougall Avenue located in Windsor, Ontario and 13275 Tecumseh Road East located in Tecumseh, Ontario (the “Properties”). Comprising 85,434 SF of total rentable area, these freestanding retail properties are uniquely situated in two of Windsor-Essex County’s most affluent and desirable communities of South Windsor and Tecumseh. At 100% occupancy, the Properties are dominated by a long term tenancy with Goodlife Fitness Centres Inc. at 75.6% of the total Year 1 Base Rent and 90% of the total Net Rentable Area. Goodlife Fitness has a further options to renew solidifying the long term nature of the tenancy to the respective communities. As Canada’s largest fitness company and the 6th largest in the world, Goodlife Fitness provides an exceptional credit covenant. Landlord friendly, long term leases solidify the critical importance of these core locations to the community and Goodlife as some of their most successful locations in Canada.