Property is located on one of the main arterial roads into Parry Sound from Highway 400 and the main road that connects the community across the Seguin River. Tenant-lead opportunity with Mr. Lube as anchor.

Multi-tenant asset purchased with additional land and value-add opportunities. TriVirtus retrofitting and improving the property for an additional two retail tenants thereby doubling potential rent and increasing location tenant appeal.

Project statistics

Acquisition/construction

Q1 2025

Tenant

Multi

Land area

0.74 Acre

Leasable area

4,900 f2

Project return

21%+

Renovation and repurposing of an additional 2,400f2. to be completed in 2025 and handed over to tenants in early ’26

Achieved 55% lease-up prior to acquisition

Rents will be doubled with repositioning

Net levered return upon completion anticipated at 21%+