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Retail · Toronto, Canada

Queen West Corner Retail

Queen Street West

The opportunity

Queen West Corner Retail is a hard-corner node with daily-needs tenancy and one dark unit left by a failed operator. Leases were struck pre-2020, so the in-place cap understates the asset; re-tenant the vacancy and mark two expiries to market. The Toronto case: CMHC-financed trades and a rental market with no new supply below $3.50/sf.

  • 3.1 years WALT across the rent roll
  • One vacant CRU, 1,850 sq ft, shell-ready
  • Two expiries inside 18 months, 11% under market