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Building A 671 Grand Ave W

89,161 SF 100% Leased Retail Building Chatham, ON N7L 1C5 For Sale

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Investment Highlights

Approximately ±19,250 SF of the retail space is currently vacant, presenting an attractive opportunity to unlock additional value
The preliminary concept presented herein illustrates the potential addition of 11 commercial retail units with 2 drive-thrus across 3 pad locations

Strategically situated in Chatham’s bustling retail node adjacent to the Thames Lea Plaza, Grand Meadows Plaza

Executive Summary

CBRE Southern Ontario Investment Team is pleased to present for sale 671 Grand Avenue West (the “Property” or “Grand Meadows Plaza”), an exceptionally rare retail investment opportunity in Chatham, Ontario. The Property area totals ±7.57 acres and is improved with 89,161 SF of high-exposure retail space anchored by a strong tenant mix inclusive of The Brick, Sephora, and Planet Fitness. Beyond the existing retail footprint, the site holds promising potential for further commercial retail development, allowing an investor to capitalize on the growing demand in the area.

671 Grand Avenue W_IIB

Property Facts

Sale Type

Investment or Owner User

Sale Condition

Development Sale

Property Type

Retail

Property Subtype

Retail

Building Size

89,161 SF

Building Class

Year Built

1964

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.27

Lot Size

7.57 AC

Space Availability

Unit A
19,460 SF
Retail
-
30 Days

671 Grand Ave W, Chatham, ON for sale Building Photo- Image 1 of 1 — Building Photo

A Wonderful opportunity to secure a prime location with very strong branded retail stores, including Mercato (specialty grocery store), The Brick, Sephora, Ardene, Planet Fitness, and others on the new pads (possession late 2024).The neighbouring property with cross parking is the home of Canadian Tire, Giant Tiger, Sport Chek, Pennington’s, Reitman’s, Moore’s, Carter’s OshKosh, Scotiabank, Pet Valu and others. Shoppers Drug Mart is also on neighbouring lands.