For Lease · Retail

1C - 340 HIGHBURY AVENUE S, St. Thomas

1C - 340 HIGHBURY AVENUE S, St. Thomas, ON N5P0A5

$34 per sq ft / yr

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

98%

About this property

Position your business for the next phase of growth in St. Thomas. This brand-new commercial development at 340 Highbury Avenue South offers an exceptional opportunity to establish your business along one of the city's key commercial corridors, directly across from the new Volkswagen/PowerCo EV battery cell gigafactory development. With completion anticipated for late 2027, now is the time to secure your space and establish your presence as this rapidly developing employment area takes shape. Well suited for health and wellness, office, professional, recreational and service-oriented businesses looking to establish themselves within a modern commercial development in one of St. Thomas' key growth areas. A variety of commercial uses are permitted under the C7-31 zoning, subject to confirmation of the Tenant's intended use. The owner has applied for a zoning variance to allow for health/wellness operations. Modern new construction offers excellent visibility, prominent signage opportunities, convenient access and on-site parking. An outstanding opportunity to secure space today in an area positioned for significant future growth. (id:66811)

Financial sandbox

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Estimate
Purchase price$34
Down payment30% · $10
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

0.30%

DSCR

1.02

Going-in cap

5.63%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

122,571

Households

50,226

Median income

$109,000

Median age

33.3

Daytime population

104,563

5-yr growth

1.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1C - 340 HIGHBURY AVENUE S, St. Thomas.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.