1051 Wellington Road

Lennard Commercial Realty, Brokerage (the “Advisor”) has been retained by the Vendor to offer for sale a 100% freehold interest in a single tenant retail property located at 1051 Wellington Road, London, ON (the “Property”).The offering represents an exciting opportunity to acquire a freestanding retail asset fully leased to Mountain Equipment Company (the “Tenant”), a premier market leader in outdoor and activity-based retail sales with 21 locations across Canada. The Property is comprised of 23,845 SF and is situated on 1.63 acres. It fronts onto Wellington Road, one of London’s primary commercial thoroughfares. The asset is located just north of White Oaks Mall, the largest mall in London, and in an area starting to experience mixed-use and high-density developments. The asset was extensively renovated in 2016 and subsequently leased to the Tenant until 2031, representing the only location in the growing community of London. Headquartered in Vancouver, BC, Mountain Equipment Company (MEC) offers a corporate covenant and a very landlord friendly triple net lease, whereby the tenant is responsible for all day-to-day maintenance, major repairs and replacement (including structural) and upkeep of the asset.