JLL Canada Capital Markets - Spotlight 2018 2018 Capital Markets Spotlight | Page 39

Retail Mount Pleasant Starbucks Toronto, ON Address 694 Mount Pleasant Rd. Property Type Street-Front Retail Close Date Nov-2018 Sale Price $3,350,000 Area (sf) 2,450 $PSF $1,367 Vendor 694 MPR Inc. Purchaser 2076378 Ontario Inc. • Single-tenant, corner retail asset, fully- leased to Starbucks Coffee with outdoor patio space • The tenant’s lease runs until May-2022 with contractual rental escalations and renewal options until 2042 • Situated steps from the TTC’s Eglinton Station and the forthcoming Eglinton Crosstown LRT • Located in a dynamic residential node undergoing significant development Elliot Medoff [phone] [email protected] Euan Darling [phone] [email protected] JLL Capital Markets | 39