JLL is pleased to offer for sale a 100% freehold interest in 539-541 Parliament Street, Toronto, ON (the "Property"). The Property represents a rare opportunity to acquire a prominent corner asset, fully leased to Rexall/Pharma Plus Pharmacies Ltd. until 2032. This institutionally owned and managed Property benefits from a large land area of 9,578 SF and a prominent position at the corner of Parliament Street and Winchester Avenue, in the heart of Toronto's Cabbagetown Neighbourhood. A best-in-class investment opportunity offering a long-term lease to a AAA covenant tenant, the large corner lot provides for significant future repositioning or redevelopment potential, with site dimensions and existing as-of-right zoning offering favorable conditions for the creation of additional future density. Investment Highlights Fully occupied by AAA covenant Rexall/Pharma Plus Pharmacies Ltd. until 2032 Strategic location in Toronto's rapidly intensifying Cabbagetown neighbourhood Rare 9,578 SF corner lot providing significant future repositioning or redevelopment potential Institutionally owned and managed asset on a NNN lease
Thank you for your request. A representative will be in contact with you within 48 hours.