FOR SALE 1190 DANFORTH AVE

FOR SALE 1190 DANFORTH AVE

OFFERING SUMMARY A former bank building from the turn of the 20th Century, 1190 Danforth Avenue is situated at a major intersection on one of Toronto's premier retail corridors. The building has many character features and is solidly built. It is not currently listed or designated as heritage by the City of Toronto. A&W recently signed a 15-year corporate lease with options to renew and rent step-ups. DETAILS Location NE Corner of Danforth Avenue and Greenwood Avenue Zoning Commercial-Residential (CR 3.0 c2.0; r2.5) Lot Size 1,970 SF Frontage 35 Feet on Danforth Avenue GFA 3,716 SF CAP Rate 5.09% ASKING PRICE Please contact Average Household Income* $99,294 Total Population* Projected 10-Year Population Growth* 201,301 +10.14% *Source: CoStar, 2016 3km radius. PROPERTY OVERVIEW This fully-leased property is very well serviced by public transit, with the Greenwood Subway station 300 meters to the east and a bus stop directly in front of the building. Another traffic generator in the area is the Esso gas station across the street on the south-east corner. 1

MAP Subject Property 2

PLATFORM CONDOS Located kitty corner to the subject property, Platform Condos is a new mid-rise condominium developed by Sierra Building Group. Currently in under construction, the project was designed by Kirkor Architects and will consist of a 9-storey mid-rise building with 92 units and an average unit size of approximately 740 square feet. NEW SUBWAY RELIEF LINE On March 2016, the City of Toronto Council approved the construction of the new subway Relief Line. The proposed 7.5km line is intended to provide capacity relief to the Bloor-Danforth line and connect one of the GTA s fastest growing communities to downtown Toronto. It will also assist in relieving crowding on the Yonge Subway line and the Bloor-Yonge interchange station, as well as provide riders with more travel options. It is expected that there will be five new Stations Gerrard, Carlaw, Broadview, Sumach and Sherbourne; as well as modifications to three existing Stations Pape, Queen and Osgoode. AREA DEVELOPMENTS The development is scheduled for completion in 2020. The Beer Store will be occupying the ground level retail space, with underground public parking provided. 3

Sq. Ft. Monthly Rent Monthly TMI Reimbursement Total Annual Rent Lease Type Lease Start Date Lease Maturity Date Renewal Options Notes A&W 1,600 $6,000 $1,263.43 $87,161.16 Net June 1, 2018 May 31, 2033 2x5 years (1), (2) GF 2 Cash Mania 278 $3,750 - $45,000.00 Semi-Gross Feb. 1, 2016 Jan. 31, 2021 3x5 years (3) FL 2 Travel Mix 1,838 $7,250 - $87,000.00 Semi-Gross April 1, 2016 Mar. 31, 2021 2x5 years (3), (4) TOTAL 3,716 $17,000 $1,263.43 $219,161.16 Unit Tenant GF 1 FINANCIALS Income Annual Rental Income $219,161.16 Expenses Property Tax $24,505.39 Insurance $3,644.00 Property Maintenance $2,500.00 Net Operating Income $188,511.77 NOTES (1) (2) (3) (4) A&W is responsible for payment of Water charges throughout the building, separately metered Hydro & Gas Lease Step-Ups: June 1, 2023 Monthly Net Rent $6,666.67 & June 1, 2028 Monthly Net Rent $7,333.33 Cash Mania is responsible for 35% of Hydro & Gas charges and Travel Mix is responsible for the remaining 65%. Lease Step-Up: April 1, 2019 $7,500 Monthly Semi-Gross Rent RENT ROLL & FINANCIALS RENT ROLL 4

TravelMix Established 1956 Number of locations 850+ nationally Number of employees 35,160 Description A publicly traded company, A&W is Canada s second largest quick service restaurant chains (QSR) by location, behind only McDonald's. Currently headquartered in Vancouver, A&W has locations across Canada, from Prince Edward Island to the Yukon. The company generated $99.4M in revenue in 2016. Travel Mix Established 2005 Number of locations 4 in Ontario, 1 in Calgary, 1 in Vancouver Number of employees 18 Description Travel Mix is a retail travel agency providing the lowest prices for Domestic and International Flights, Vacation Packages, Hotels, Car Rentals, Cruises, Organized Groups and Tickets for Special Events and Excursions. Cash Mania Established 2014 Number of locations 3 Number of employees 9 Description Cash Mania provides a variety of financial services, including cashing cheques, payday loans, Western Union transfers, prepaid credit cards, cash for gold, and currency exchange. TENANT PROFILES A&W 5

Cash Mania A&W UPPER LEVEL Travel Mix FLOOR PLANS GROUND FLOOR 6

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Built on Connections. 626 King St West Suite 302 Toronto, ON M5V1M7 416.703.6621 www.metcomrealty.com CONTACT: Urban Commercial Advisory Group Amir Nourbakhsh* 416.703.6621 x252 amir@metcomrealty.com Anthony Martino* 416.703.6621 x244 anthony.martino@metcomrealty.com Jesse Roth* 416.703.6621 x243 jesse.roth@metcomrealty.com *Sales Representative