649 Yonge Street

Price:  Contact for pricing info

Status:  For Sale

Property Description

Big Bay Plaza is a successful 39,784 sf commercial centre that is 100 % leased to a strong mix of destination, service and convenience retailers that includes Shoppers Drug Mart, RBC Bank, Bulk Barn, Provision Optical, A & W Restaurant, Botony Dental Clinic, and a host of other complementary retailers that have a long history of serving the community. Approximately 74% of in-place gross rent is generated from national tenants. Although the Property boasts a weighted average lease term to maturity of 4.5 years, most of the leases contain renewal options. Big Bay Plaza is located on Yonge Street, just south of Big Bay Point Road, Barrie, approx. 90 km. north of Toronto, on a 3.8 acre parcel of land with great street frontage.

Other Pertinent Facts: * Excellent access to Hwy 400 (approx. 5 km south west) via Mapleview Drive • 640 feet frontage on Yonge Street – a main arterial in south Barrie, which feeds residential commuters into the central core of the city. • The Barrie Go Transit station located approx. 1 km, south of Plaza • Current uses in the immediate vicinity of the Property include: Residential neighbourhoods with high average household income levels, and a growing population; commercial retail properties including a 220,000 sf food shopping centre to the south, with a Zehrs (Loblaw) grocery anchor . • High visibility - Strong site location • 179 Parking Stalls to service Plaza tenants and their clients • all 12 Tenants on Net, Net, Net Leases