Unique opportunity to acquire two fully leased retail plazas
Drummondville and Victoriaville, Québec
Properties
- Property types Retail plazas
- Markets Drummondville, Victoriaville
- Year built 2017
- Total portfolio GLA 27,233 sf
Executive summary
This fully leased, 27,233-square-foot portfolio features a diversified tenancy profile offering a mix of restaurants, cafés, and services. It is anchored by Rubino Shoes, a well-established Québec footwear retailer with 28 locations across Québec, and Allô! Mon Coco, a popular breakfast and brunch chain with 39 locations across Québec and Ontario. Rubino Shoes was recently acquired by Designer Brands Inc., a leading North American retailer and producer of footwear and accessories with over 675 locations across Canada and the U.S. Allô! Mon Coco, on the other hand, was acquired by MTY Food Group Inc., a leading Canadian franchisor and operator of restaurants with 90 different banners in Canada, the U.S., and internationally. Fully leased, the portfolio features carefree NN and NNN leases with a weighted average lease term (WALT) of 3.7 years and an average tenure of 3.5 years.
Highlights
Location
The properties enjoy strategic locations within high-traffic retail nodes and near major thoroughfares, employment nodes, and densely populated residential areas. Drummondville and Victoriaville are established regional markets with advantageous demographic profiles.
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