691-709 Pine St Sault Ste. Marie, Ontario P6B 3G2
$9,550,000
PRIME OPPORTUNITY TO ACQUIRE A FULLY STABILIZED, 100% OCCUPIED, GROCERY-ANCHORED PLAZA IN THE HEART OF SAULT STE. MARIE. PINE PLAZA IS A WELL-ESTABLISHED NEIGHBOURHOOD RETAIL CENTRE COMPRISING APPROXIMATELY 42,455 SF, ANCHORED BY A TOP-PERFORMING NATIONAL GROCERY TENANT WITH LONG-TERM LEASE OPTIONS, PROVIDING EXCEPTIONAL INCOME STABILITY AND CONSISTENT FOOT TRAFFIC. THE PLAZA FEATURES A DIVERSE TENANT MIX OF RETAIL, SERVICE, AND FOOD USERS, CREATING A STRONG DAILY-NEEDS DESTINATION FOR THE SURROUNDING COMMUNITY. A FAVOURABLE LEASE EXPIRY PROFILE WITH A WEIGHTED AVERAGE LEASE TERM (WALT) OF APPROXIMATELY 3.65 YEARS. THE 2023 RENOVATION WAS MORE THAN FACADE; UNITS 2, 3, 4, 5 NEW VANILLA SHELLS; UNITS 2-8 ALL NEW ROOFTOP HVACS. STRATEGICALLY LOCATED ON PINE STREET, A MAJOR ARTERIAL CORRIDOR, THE ASSET BENEFITS FROM EXCELLENT VISIBILITY, ACCESSIBILITY, AND STRONG SURROUNDING RESIDENTIAL DENSITY. FREEHOLD OWNERSHIP, ESTABLISHED TENANCY, AND BUILT-IN UPSIDE THROUGH RENTAL GROWTH AND FUTURE RE-TENANTING OPPORTUNITIES MAKE THIS AN IDEAL INVESTMENT FOR BOTH PRIVATE AND INSTITUTIONAL BUYERS SEEKING A CORE-PLUS RETAIL ASSEST WITH RESILIENT FUNDAMENTALS. (id:49269)
Business
| BusinessType | Other, Retail and Wholesale, Retail and Wholesale, Retail and Wholesale, Retail and Wholesale |
| BusinessSubType | Offices, Food store, General retail, Shopping center, Business |
Property Details
| MLS® Number | SM260426 |
| Property Type | Retail |
| Community Name | Sault Ste. Marie |
| CommunicationType | High Speed Internet |
| CommunityFeatures | Bus Route |
Building
| Age | Age Is Unknown |
| Amenities | Storefront, Street Lighting |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| SizeInterior | 42360 Sqft |
| UtilityWater | Municipal Water |
Parking
| Other | |
| Surfaced |
Land
| AccessType | Road Access |
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| SizeFrontage | 438.0500 |
| SizeIrregular | 4.13 |
| SizeTotal | 4.13 Ac|3 - 10 Acres |
| SizeTotalText | 4.13 Ac|3 - 10 Acres |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29437607/691-709-pine-st-sault-ste-marie-sault-ste-marie
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March 06 2026 04:23:29
Sault Ste. Marie Real Estate Board
Century 21 Choice Realty Inc.