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Jones Lang LaSalle America, Inc. (“JLL”) is pleased to exclusively present an outstanding opportunity for the sale-leaseback of a portfolio of six retail assets (the “Portfolio” or “Properties”) located in dense, infill markets across Canada. The Portfolio is being offered as a 15 or 20-year sale leaseback to Mountain Equipment Company (“MEC” or “Tenant”), an iconic Canadian retailer specializing in outdoor gear and camping equipment. The master lease will be absolute NNN and contemplates 2% annual rent escalations and renewal options.
- Long-Term Absolute NNN Lease With Contractual Rent Escalations
- Transformation of an Iconic, Best-In-Class Brand
- Geographically Diverse, Strategically Located Real Estate with Strong Operating Performance
- Superior Sponsorship
- Strong Industry Fundamentals