JLL Canada Capital Markets - Spotlight 2018 2018 Capital Markets Spotlight | Page 56

Retail Single-Tenant Street-Front LCBO Toronto, ON Address 1986 Queen St. E. Property Type Street-Front Retail Close Date Apr-2018 Sale Price $13,150,000 Area (sf) 8,767 $PSF $1,500 Vendor Reserve Properties Purchaser Navona Investor Services Ltd. • A recently constructed single-storey, single- tenant LCBO located in the heart of Toronto’s Beaches neighbourhood • The property is tenanted by the LCBO on a new lease expiring in June 2039, with contractual rental escalations throughout the term • The offering generated significant market interest and multiple offers Elliot Medoff [phone] [email protected] Euan Darling [phone] [email protected] Matthew T. Smith Nick Macoritto [phone] [phone] [email protected] [email protected] 56 Matt Picken [phone] [email protected]