Description

Prime opportunity to acquire a fully stabilized, 100% occupied, grocery-anchored plaza in the heart of Sault Ste. Marie. Pine Plaza is a well-established neighborhood retail Centre comprising approximately 42,455 sq. ft., anchored by a top-performing national grocery tenant with long-term lease options, providing exceptional income stability and consistent foot traffic. The plaza features a diverse tenant mix of retail, service, and food users, creating a strong daily-needs destination for the surrounding community. A favorable lease expiry profile with a Weighted Average Lease Term (WALT) of approximately 3.65 years. The 2023 renovation was more than facade; units 2, 3, 4, 5 new vanilla shells; units 2-8 all new rooftop HVACs. Strategically located on Pine Street, a major arterial corridor, the asset benefits from excellent visibility, accessibility, and strong surrounding residential density. Freehold ownership, established tenancy, and built-in upside through rental growth and future re-tenanting opportunities make this an ideal investment for both private and institutional buyers seeking a core-plus retail asset with resilient fundamentals.

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