4450 Highway 1 Highway

Description

This freestanding Foodland property is leased on a fully net basis to Sobeys, with the tenant responsible for all maintenance, repair, replacement to the premises and operating costs including, without limitation, the roof membrane, roof deck and flashing, HVAC, non-load bearing walls and parking facilities; the landlord is responsible for a very narrow definition of structure as defined in the lease. Positioned on Highway 1 at the entrance to Weymouth, it is the only full-service grocery store in the market and serves as the anchor for essential retail in a stable trade area. The property benefits from excellent visibility and adjacency to complementary uses including Home Hardware, Pharmasave, and the Weymouth Medical Centre. With below-market rents, below-replacement-cost pricing, and a national covenant, this asset offers investors secure income and strong real estate fundamentals.