introductory information brochure - loopnet...terrasses des lilas. introductory information brochure...
TRANSCRIPT
T E R R A S S E S D E S L I L A S
I n t r o d u c t o r y I n f o r m a t i o n B r o c h u r e
- E X C L U S I V E O F F E R I N G -
1 1 0 0 - 1 1 0 2 & 1 1 0 8 - 1 1 3 6 S A I N T - J O S E P H B O U L E V A R D | D R U M M O N D V I L L E , Q U E B E C
THE OFFERING
CBRE Limited – The Private Capital Group Group (“CBRE”) has been retained by 4423691 Canada Inc. (the “Vendor”) on an exclusive basis to arrange for the sale of a 100% freehold interest of Terrasses des Lilas
comprised of two commercial properties totaling 22,966 square feet of gross leasable area in Drummondville, Québec.
The Property includes:
1100-1102 and 1108-1136, Saint-Joseph Boulevard, Drummondville, Québec Renovated Lots#3 426 682 and 3 426 683 respectively, Cadastre du Québec
(the “Property” or “Asset”)
OFFERING PROCESS
CBRE has been retained by the Vendor to offer the Property on an “as is where is” basis. A tentative date to submit offers will be communicated to investors who have signed the Confidentiality Agreement (the “CA”).
The Vendor reserves the right to alter the sale process without notice and reject any and all offers received.
CONFIDENTIAL INFORMATION
A Confidential Information Memorandum (the “CIM”) and Due Diligence Website (the “DDW”) have been created to assist interested parties (collectively the “Confidential Information” or “CI”). The CIM is available online
once the CA has been completed via the Property electronic campaign received by email. For the investors who have signed the CA or completed the same online, access to the DDW will be granted by CBRE upon written
request.
INQUIRIES & PROPERTY TOURS
All inquiries regarding the Property including all submissions or any information contained in the CI should be directed to the under-noted on behalf of the Vendor. Visits of the Property can only be made with CBRE by
appointment. To schedule an appointment, please contact:
OFFERING PRICE
$3,850,000
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Jacob Hayon, CPA, CA Sales Associate Commercial Real Estate Broker 514 849 4173 [email protected]
Marc Hetu Vice President Real Estate Broker 514 906 0891 [email protected]
Benoit Poulin, MBA Senior Vice President Real Estate Broker 514 905 2142 [email protected]
CBRE Limited Real Estate Agency 1250 René-Lévesque West, Suite 2800 Montreal, QC H3B 4W8 514 849 6000
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INVESTMENT HIGHLIGHTS
STRATEGICALLY SITUATED ON A PRINCIPAL COMMERCIAL ARTERY
Terrasses des Lilas is located on Saint-Joseph Boulevard, Drummondville’s main commercial artery frequented by over 33,000
vehicles per day and provides connectivity within the city. The Property is situated south of Highway 20, in close proximity of many
national retailers, big box stores, grocery stores, hotels, as well as various restaurants and fast food chains. It benefits from high
visibility and a walk score of 74 (very walkable). Terrasses des Lilas is also surrounded by a dense residential community and is in
close proximity of Cegep de Drummondville as well as an elementary school (Des Chênes School Board) in addition to
Drummondville’s Trade Center.
FAVORABLE DEMOGRAPHIC TRENDS
Terrasses des Lilas is located in the high-growth city of Drummondville, which has witnessed excellent demographic fundamentals.
The increase in population for the upcoming years in Drummond’s MRC is forecast to be similar to Montreal’s, growing 17% for
2011-2036, making it one of the fastest growing municipalities in the next few decades. Furthermore, the unemployment rate is
below the rest of Quebec. The city of Drummondville is located half-way between Montreal and Quebec city and one hour away from
Three-Rivers, thus becoming a strategic location for distribution and logistic companies.
TENANCY
Terrasses des Lilas benefits from a great tenant mix and long-term leases with national tenants such as Chocolats Favoris, Sushi Shop
and M&M Meat Shops. Tenancy includes many neighbourhood-oriented, food & service tenants, is well diversified and complimentary
to each other. National and provincial tenants represent 33% of the annual effective income (75% of in place income) and currently
occupy 30% of the Property.
STRONG & DIVERSIFIED NEIGHBORING TENANTS
Neighbouring tenants include Walmart, Costco, Best Buy, Super C, SAQ, Couche Tard, Canadian Tire and many more. The Property is
located 1.3 km away from Centrexpo Cogeco, a state-of-the-art congress and fair center continuously attracting locals and tourists and
in close proximity of Les Promenades Drummondville, a shopping center offering 100 stores of all types.
GOOD PHYSICAL CONDITION
The Property was recently renovated and was intuitionally managed and up kept.
Population (2015 Census) 93,470
Projected Population Growth (2020) 5.2%
Median Age 42.8
Average Household Income $61,883
Average Persons per Household 2.9
Languages French English Spanish
Source: Statistics Canada – 2015
DRUMMONDVILLE DEMOGRAPHICS SNAPSHOT
QUALITY TENANTS
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LOCATION DESCRIPTION
Terrasses des Lilas is situated on Saint-Joseph Boulevard (Route 143), the main retail commercial artery which spans across the city. The Property is centrally located between the big box retail centers at the intersection
of Highway 20 and downtown Drummondville. Thanks to its corner location at the intersection of des Lilas Street with priority turn, Terrasses des Lilas is easily accessible from both directions of Saint-Joseph Boulevard.
Within close proximity to other traffic generators such as the Centrexpo Cogeco, the Université de Québec à Trois-Rivières campus, and the Cégep de Drummondville, the Property is well poised to attract clientele as well as
quality tenants.
Méga-Centre Drummondville
Promenades Drummondville
WALMART
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PROPERTY SPECIFICATIONS
Civic Address 1100-1102 & 1106-1136 Saint-Joseph Boulevard
Year of Construction 2003 for 1100-1102 Saint-Joseph Boulevard
1954 with extensive renovations in 2003 for 1106-1136 Saint-Joseph Boulevard
Gross Leasable Area 22,966 sq. ft.
Structure Steel framing with interior steel columns
Roof Flat, modified bitumen with interior drains
SITE DESCRIPTION
Legal Description Renovated lot numbers 3 426 682 and 3 426 683 respectively, Cadastre du Québec
Site Area 73,805 sq. ft.
Configuration Rectangular (irregular)
Frontage Approximately 250 feet along Saint-Joseph Boulevard, 270 feet along Des Merisiers Avenue
and 290 feet along Des Lilas Street
Parking Approximately 90 spaces
Zoning The Property is zoned for Zone C-470
MUNICIPAL EVALUATION
Land $1,463,500
Building $1,804,500
Total $3,268,000
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation,
any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or
guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the
recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any
reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to
the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this
document are the property of their respective owners. All Rights Reserved.
CBRE LIMITED | Real Estate Agency
Capital Markets | Private Capital Group
For more information, please contact:
Jacob Hayon, CPA, CA Sales Associate Commercial Real Estate Broker PCG- Montreal 514 849 4173 [email protected]
CBRE Limited Real Estate Agency 1250 René-Lévesque Boulevard West Suite 2800 Montreal, QC H3B 4W8
Marc Hetu Vice-President Real Estate Broker NAG - Montreal 514 906 0891 [email protected]
Benoit Poulin, MBA
Senior Vice-President Real Estate Broker NAG - Montreal 514 905 2142 [email protected]