17524 HIGHWAY 2, Quinte West, K8V 6M2

Listing Overview

Description

9.6 acres of development land for sale (and/or for lease) directly across from Walmart Supercentre (fully leased) with municipal site plan approval obtained & many (8+) AAA retail brands in place who have agreed to lease terms & are ready to sign formal leases directly with new owner for store openings in 2024 & 2025 as part of this brand new 45,000 SF retail plaza including 4 coveted drive-thru buildings (all leased). Severance has been approved to separate the front 5.5 acres fronting Hwy 2 from the remaining southern portion as per attached PDF. A confidentiality agreement must be signed before the tenants/financial terms of leases can be shared, followed by a data room with all due diligence items including enviro/geotechnical reports etc. The Seller would also consider a joint venture to work with another developer to construct this center. Serious inquiries only-no sale assignments please. New grocery store is expected to open across the street adding additional retail destinations to this growing area, making the entire node more attractive for development.

9 months

On Market

Commercial/Retail

Property Type

$32,713 / Year

Est. Taxes

Retail

Style

-

Business Type

-

Franchise