Charlottetown Mall. Prince Edward Island

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Lester Ball
5 years ago
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1 Charlottetown Mall Prince Edward Island D O M I N A N T G R O C E RY A N C H O R E D E N C LO S E D M A L L LO C AT E D I N T H E H E A RT O F P R I N C E E D W A R D I S L A N D S P R E M I E R R E TA I L N O D E

The Offering JLL s National Retail Investment Group ( JLL ) and Partners Global

offer for sale Charlottetown Mall - a defensible, stabilized, groceryanchored

Situated right next to the University of Prince Edward Island, Charlottetown Mall

The mall boasts a superior roster of high-quality tenants including Atlantic

Montreal and Dollarama, with national tenants representing 80.2% of leased GLA.

superior frontage, high traffic flow, and premium visibility on University Avenue,

The site also offers tremendous accessibility to the surrounding region being in

The City of Charlottetown is a model, new-economy city attracting increasing

burgeoning high-tech sector, growing tourism, increased consumer spending and a

2 The Offering JLL s National Retail Investment Group ( JLL ) and Partners Global (together, the Advisor ) on behalf of RioCan REIT (the Vendor ) are pleased to offer for sale Charlottetown Mall - a defensible, stabilized, groceryanchored enclosed mall located on 32 acres in the heart of PEI s busiest retail node. Situated right next to the University of Prince Edward Island, Charlottetown Mall is comprised of 352,448 SF and is 91.6% occupied. The mall boasts a superior roster of high-quality tenants including Atlantic Superstore, Sport Chek, Cineplex, H&M, Winners, Urban Planet, Ardene, Bank of Montreal and Dollarama, with national tenants representing 80.2% of leased GLA. Charlottetown Mall is the dominant shopping centre in PEI and capitalizes on superior frontage, high traffic flow, and premium visibility on University Avenue, Charlottetown s busiest north-south arterial thoroughfare. The site also offers tremendous accessibility to the surrounding region being in close proximity to the Trans-Canada Highway and Charlottetown Airport. The City of Charlottetown is a model, new-economy city attracting increasing immigration and has a rapidly growing population, an educated workforce, a burgeoning high-tech sector, growing tourism, increased consumer spending and a youthening population. The asset is strategically located in a wellestablished area of Charlottetown, surrounded by an abundance of destination and convenience retail, along with established residential neighbourhoods.

3 UN IV ER SI TY AV EN UE CHARLOTTETOWN MALL

4 91.6% OCCUPIED 5.44 WEIGHTED

352,448 SQUARE FEET Investment Highlights DOMINANT MALL LOCATION IN PEI Charlottetown Mall is the go-to shopping destination for residents of the entire Province.

DAILY NEEDS RETAIL Charlottetown Mall was carefully leased to tenants that serve the daily needs of the residents of the city and surrounding region.

5 352,448 SQUARE FEET Investment Highlights DOMINANT MALL LOCATION IN PEI Charlottetown Mall is the go-to shopping destination for residents of the entire Province. It is the exclusive home to a selection of top national retailers with only one location in PEI including Urban Planet, Winners, East Side Mario s, The Body Shop, H&M, EB Games, Moores and Stokes. STRONG FINANCIAL PROFILE The Centre is 91.6% occupied with 80.2% of the GLA represented by national brands. With a average weighted lease term of 5.44 years, the Property offers stable, long term income security. DAILY NEEDS RETAIL Charlottetown Mall was carefully leased to tenants that serve the daily needs of the residents of the city and surrounding region. The retail services at the mall are diverse and include a mix of grocery, discount store, men and women s fashion, quick service restaurants, sporting goods, banking, and entertainment, allowing visitors to fulfill all their needs when visiting the site. PREMIER RETAIL NODE Charlottetown Mall is located in the heart of the city s most dominant retail node, surrounded by an abundance of destination and convenience retailers. National retailers in the immediate area contributing to the regional draw include Walmart Supercentre, The Home Depot, Staples, Sobeys, Best Buy, Mark s, Old Navy, Canadian Tire and PetSmart. YEARS AVG. LEASE TERM RAPIDLY GROWING, DIVERSIFIED LOCAL ECONOMY Charlottetown s population has grown by 7.5% since 2011, and PEI is now Canada s fastest growing Province. The city is home to a robust economy driven by government, tourism, politics, healthcare, education, technology, manufacturing, biotechnology, and information technology. PEI s real GDP grew by 2.6% in 2017 and is projected to grow by 2.8% in 2018.

retained by RioCan REIT to seek proposals

Investment Group +1 416 304 6004 MatthewT.

6 Contact Us Exclusive Advisors JLL and Partners Global have been exclusively retained by RioCan REIT to seek proposals to acquire Charlottetown Mall. All inquires should be directed to the undernoted. JLL Partners Global Matthew Smith* Executive Vice President National Retail Investment Group Larry Sowerby** Principal Partners Global Nick Macoritto* Associate Vice President National Retail Investment Group * SALES REPRESENTATIVE ** BROKER

555 MAPLETON ROAD MONCTON, NB

Artist s Rendering Artist s Rendering 555 MAPLETON ROAD MONCTON, NB 9.83 Acre Re-development Site Rare offering located in a high-growth retail hub Close proximity to the Trans-Canada Highway and the Trinity