Property Highlights
THE OFFERING
JLL’s National Retail Investment Group and Capital Commercial Real Estate Services are pleased to offer for sale a 100% freehold interest in a freestanding Walmart Canada Corp. (“Walmart”) located at 200 Manitoba 10 (“the Property”) in Flin Flon, Manitoba. The Property benefits from having ample parking (373 parking stalls/5.88 per 1,000 sq. ft.) and offers premium access along Channing Drive and Provincial Highway 10. The asset offers the investor secure future cash flow with 5.29 years remaining on the Walmart Canada Corp. lease.
200 Manitoba 10 is strategically situated in the eastern retail node of Flin Flon, east of Ross Lake and approximately 1 km from the Saskatchewan provincial border. Flin Flon is a city that straddles the provincial boundary between Manitoba and Saskatchewan and services its residents and all surrounding communities. Located on Manitoba provincial Highway 10 and Saskatchewan provincial Highway 106, the city of Flin Flon provides easy access to all major markets in northern Manitoba and Saskatchewan. There are numerous national retailers in the immediate area drawing consumers from across the region.
INVESTMENT HIGHLIGHTS
- Excellent Location: The Property is located within a major northern retail hub near other national retailers servicing Flin Flon residents and the surrounding communities. Flin Flon is a major regional service centre and provides a commerce hub to the surrounding communities.
- Strong Financials: The Property is fully leased to Walmart Canada Corp., offering the investors secure cash flow with 5.29 years remaining on its lease term.
- Stability: Walmart is a proven ‘AAA’ tenant covenant with predictable cash flow.
- Well-Designed Asset: The Site was constructed in 2002 and refaced in 2013 offering quality that meets today’s national design standards.
