Canadian Tire Corporation in its $285 Million Sale and Leaseback of the Bolton Canadian Tire Distribution Centre
|Areas||Commercial Real Estate, Mergers and Acquisitions|
Goodmans represented CTC in connection with the sale and leaseback of The Canadian Tire distribution centre in Bolton, Ontario.The new Bolton distribution centre is a 1.4 million square foot facility and 81 acres of trailer parking. The new distribution centre is a replacement of a facility CTC operated on 90 acres of land at the intersection of Steeles Avenue East and Bramalea Road in Brampton, Ontario. The lease term is 20 years with a going in cap rate of 5.23% and has 1.25% annual rent escalations built in for both the building and trailer parking rent.