Upscale Retail Property Leased to Athletic Apparel Brand, Lululemon
* Elegant, free-standing retail building with a possibility to expand with a 2nd floor
* Asset was completely renovated in 2014 and has been impeccably maintained
* Prime corner location on Sherbrooke Street West within the affluent City of Westmount
* Neighbor to many upscale international brands and boutique shopping
* Fully leased to Lululemon Athletica until 2024
4,694 SF retail asset that is strategically located at 4895 Sherbrooke Street West (the "Property"), in Westmount, Québec, Montreal's most affluent neighborhood. The Property is fully leased to Lululemon Athletica, the high-trend athletic apparel global brand. It offers excellent visibility from its corner location
on Sherbrooke Street West at the intersection of Prince-Albert Street, a high-traffic area within Victoria Village, Westmount's upscale shopping area.
Offering easy access to Highways 15, 20 and 720, numerous bus lines and a short 9-minute walk from the Vendôme metro and train stations, the property offers unparalleled accessibility to employees, tourists and local residents. In addition
to the opportunity of acquiring a stable, impeccably maintained retail asset leased to a prestigious tenant, the prospective investor will benefit from the possibility
of future expansion, as in-place zoning allows for the construction of a second floor.
Full Leased to High Covenant Tenant, Lululemon Athletica (NASDAQ: LULU)
* Vancouver-founded, high-end athletic apparel brand distributing through 460 locations worldwide as well as online
* Publicly traded, nearing $4 billion in revenue reported in 2020 YTD, increasing steadily YoY even through this year's global sanitary crisis
* Net lease running through to 2024 with two 5-year renewal options ending in 2035
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