An Exceptional Investment Opportunity in the Heart of Thunder Bay's Thriving Commercial Corridor Presenting a premier, institutional-quality income property located in one of Thunder Bay's fastest-growing commercial hubs. This distinguished asset is anchored by an outstanding roster of nationally recognized AAA tenants, including Wellwise, a grocery, and Reliance, ensuring exceptional stability income security. Designed to deliver consistent, hassle-free returns, the property features Triple Net (NNN) leases, significantly minimizing landlord responsibilities while generating reliable cash flow. Offering an attractive cap rate of approximately 7%, this is a rare opportunity to acquire a high-performing commercial asset with immediate income and outstanding long-term appreciation potential. Whether you're expanding an established real estate portfolio or seeking a premier, recession-resilient investment, this trophy asset represents the ideal combination of quality, stability, and growth.
Address
285 Memorial Avenue
List Price
$3,750,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Thunder Bay
Sub-Area
court-cumberland
Lot Size Source
MPAC
Lot Depth
164.04
Lot Type
Lot
Lot Size Units
Feet
Lot Width
366.76
Parcel Number
621260003
Total Building Area
1.261
Occupant Type
Tenant
Cross Street
MEMORIAL Ave & JOHN St
MLS® Number
X13617004
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Basement
No
Postal Code
P7B 6H4
Posession Details
TBA
Tax Amount
$96,830.33
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
Yes
Sewer
Sanitary
