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New Casino
WONDERLAND POWER CENTREWESTWOOD CENTRE
WHARNCLIFFE ROAD SOUTHWONDERLAND ROAD SOUTH
32.2 ACRE MIXED USE DEVELOPMENT OPPORTUNITY
Potential Uses:Retail | Office | High-Density Residential
Hotel | Senior Living / Nursing | Institutional
Te
W O N D E R L A N D G A T E W A Y C E N T R E , L O N D O N
F O R S A L EM i x e d U s e 3 2 . 2 1 A c r e D e v e l o p m e n t O p p o r t u n i t y
THE OFFERING
SITE PLAN
JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Wonderland Gateway Centre, a mixed-use development site situated on a large 32.21 acre land parcel (includes 30.53 acres of excess land for development) at the high traffic intersection of Wonderland Road South and Wharncliffe Road South in Southwest London. Over 28,000 vehicles traverse the site daily along Wonderland, and over 20,500 vehicles along Wharncliffe. Wonderland Road South is a significant gateway to London, and serves as the primary north/south connection between the 400 series Highways and central London through the southwest of the city.
There is 12,077 SF currently developed on the site, leased to Tim Hortons, Ren’s Pets, and Baskin Robbins. These tenants offer the investor secure future cash flow with a Weighted Average Lease Term of 15.04 Years. The site is fully serviced (except Excess Land D & E), and allows for up to 396,000 SF of additional density.
The site is situated in a rapidly expanding area of London, part of the Southwest Area Secondary Plan. The Southwest Area Plan envisions a total residential population of approximately 60,000 people and 22,500 jobs within the study area boundaries over a long term planning horizon.
The subject Property is part of the Wonderland Road Community Enterprise Corridor designation, which provides for a wide range of large scale commercial uses, medium scale office development, high density residential uses, hotel, senior living/nursing, and institutional uses.
Address 3405 Wonderland Road South London, ON
Intersection Wonderland Road South and Wharncliffe Road South
Year Built 2018
GLA 12,077 SF (existing)
Site Area32.21 acres (includes 30.53 acres of excess land for development)
Occupancy 100%
Tenants Tim Hortons, Baskin Robbins, Ren’s Pets
WALT 15.04 years
Investment Highlights
• Located directly across the street from Gateway Casinos and Entertainment’s 120,000 SF Casino facility, London’s first. In July 2019, City Council approved the project’s zoning application and the $75 million Casino is proceeding with a June 2021 opening date .
• This area of London is very well situated with respect to transportation access and infrastructure, making it a desirable location for employment, residential and commercial uses.
• The site is surrounded by the country’s most sought after destination and convenience retailers, drawing consumers from across the region. Retailers continue to move south of the traditional retail node located at Southdale and Wonderland.
• As the primary gateway to Central London from Highway 402 and 401, Wonderland Road South will be developed to fulfill the two functions of this major transportation corridor: a major arterial designed to carry high volumes of traffic, and as a major gateway and arrival corridor into the city.
PROPERTY SPECIFICATIONS
N
WONDERLAND ROAD SOUTH
WHARNCLIFFE ROAD SOUTH
Excess Land A0.63 acres
Excess Land B4.25 acres
Excess Land C23.82 acres
Permitted Uses:
Retail Office High-Density Residential Hotel Senior Living /
Nursing Institutional
EXETER ROAD
BOSTW
ICK ROAD
Excess Land D1.72 acres
Excess Land E0.11 acres
116,000 SFShadow Anchor
Part of Wonderland Gateway Centre
Centrepoint Plaza, Belleville 3
WONDERLAND ROAD SOUTH
WESTWOOD CENTRE
SOUTHDALE ROAD WEST
WONDERLAND POWER CENTRE
WHARNCLIFFE ROAD SOUTH
E X C E S S L A N D F O R D E V E LO P M E N T
BRADLEY AVENUE
New Casino
20,500 vehicles
28,000 vehicles
A
B
C WONDERLAND GATEWAY CENTRE
Potential Uses:
RetailOffice
High-Density ResidentialHotel
Senior Living / NursingInstitutional
DOWNTOWN LONDON
Shadow Anchor
www.retailinvestment.ca
* Sales Representative
Nick Macoritto*Vice PresidentNational Retail Investment Group+1 416 238 [email protected]
Matthew Smith*Executive Vice PresidentNational Retail Investment Group+1 416 304 [email protected]
For more information, please contact:
Mark Leshchyshyn*Sales AssociateNational Retail Investment Group+1 416 304 [email protected]
Matt Picken*Executive Vice PresidentCapital Markets, Canada+1 416 304 [email protected]
