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Mixed-Use

478-494 Kingston Rd

478 Kingston Rd, Pickering, ON L1V 1A4

Listing Price: Request For Offer

Gross SF
8,850
Rentable SF
8,850
Lot Size
0.87 acres
Year Built
2016

Investment Overview

Marcus & Millichap Real Estate Investment Services Canada Inc. (“Listing Brokerage”) has been retained by BDO Canada Limited (“Receiver”) in its capacity as Court-appointed Receiver of 2545174 Ontario Inc. (the “Company”) to arrange the sale of the properties, assets and undertakings of the Company (collectively, the “Property”) on an “as is, where is” basis. The Property features an Esso branded gas station, On the Run convenience store with Tim Hortons kiosk and drive through, as well as a three-storey office building. This includes the sale of the business as the gas station and convenience store were previously operated by the Property owner. Located at 478-494 Kingston Road, in the fast-growing city of Pickering, the Property is ideally situated within a major retail node, along a high traffic corridor which sees approximately 20,000 vehicles per day. Immediately surrounding the Property is a complimentary mix of national tenants that cater to the daily needs of the local residents. The Property’s close proximity to Highway 401 makes it very accessible and beneficial from a business standpoint. The Property features highly recognizable brands, Esso and Tim Hortons. Within the 1,950 SF convenience store building there is a Tim Hortons kiosk that is equipped with a drive through under a corporate lease. The 6,900 SF office building is partially occupied by multiple professional service tenants and there is opportunity to lease remaining space at market rates.

Investment Highlights

  • Ideally located within a major retail node of Pickering, surrounded by an established residential neighbourhood and various national retailers, and benefits from direct access to Highway 401.
  • With 261 feet of frontage along Kingston Road, which includes a drive-thru and multiple access points, is situated on a high visibility corner.
  • There is opportunity to lease up the office building at market rates.
  • Esso and Tim Hortons are one of the most recognizable brands in Canada and have a very loyal customer base.
  • Proven successful gas station and convenience store location, offering both gasoline and diesel fuel options.

Exclusively Listed By

Mixed-Use

478-494 Kingston Rd

Listing Price: Request For Offer

Gross SF
8,850
Rentable SF
8,850
Lot Size
0.87 acres
Year Built
2016

Investment Highlights

  • Ideally located within a major retail node of Pickering, surrounded by an established residential neighbourhood and various national retailers, and benefits from direct access to Highway 401.
  • With 261 feet of frontage along Kingston Road, which includes a drive-thru and multiple access points, is situated on a high visibility corner.
  • There is opportunity to lease up the office building at market rates.
  • Esso and Tim Hortons are one of the most recognizable brands in Canada and have a very loyal customer base.
  • Proven successful gas station and convenience store location, offering both gasoline and diesel fuel options.

Investment Overview

Marcus & Millichap Real Estate Investment Services Canada Inc. (“Listing Brokerage”) has been retained by BDO Canada Limited (“Receiver”) in its capacity as Court-appointed Receiver of 2545174 Ontario Inc. (the “Company”) to arrange the sale of the properties, assets and undertakings of the Company (collectively, the “Property”) on an “as is, where is” basis. The Property features an Esso branded gas station, On the Run convenience store with Tim Hortons kiosk and drive through, as well as a three-storey office building. This includes the sale of the business as the gas station and convenience store were previously operated by the Property owner. Located at 478-494 Kingston Road, in the fast-growing city of Pickering, the Property is ideally situated within a major retail node, along a high traffic corridor which sees approximately 20,000 vehicles per day. Immediately surrounding the Property is a complimentary mix of national tenants that cater to the daily needs of the local residents. The Property’s close proximity to Highway 401 makes it very accessible and beneficial from a business standpoint. The Property features highly recognizable brands, Esso and Tim Hortons. Within the 1,950 SF convenience store building there is a Tim Hortons kiosk that is equipped with a drive through under a corporate lease. The 6,900 SF office building is partially occupied by multiple professional service tenants and there is opportunity to lease remaining space at market rates.

Exclusively Listed By

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