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Pine Plaza 691-709 Pine St 42,455 SF 98% Leased Retail Building Sault Ste Marie, ON P6B 3G2 For Sale
Investment Highlights
- Pine Plaza is anchored by a top-performing national grocery tenant, serving as the cornerstone of the plaza.
- It benefits from strong local traffic and convenient access to major city routes.
- The plaza is currently 97.64% leased, with a diverse mix of tenants offering retail, dining, and service options.
Executive Summary
M+H Properties Ontario Plazas L.P. (“Vendor”) is offering for sale a 100% freehold interest in Pine Plaza, a well-established groceryanchored retail and service destination located at 691-709 Pine Street, Sault Ste. Marie, Ontario. The plaza comprises 42,455 square feet of rentable space and enjoys 97.64% occupancy. Anchored by a high-performing grocery tenant with long-term lease options, Pine Plaza is positioned at the heart of a high-density residential neighborhood, making it a key shopping and service hub for the local community. Recent renovations, completed in 2023, have revitalized the property, enhancing the façade for all tenant spaces except the grocer. The plaza benefits from high daily traffic patterns, a strong tenant mix, and offers future growth opportunities, including a permitapproved pylon sign opportunity and the potential for an endcap drive-thru, adding further upside in rents and improvement in tenant profile.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
42,455 SF
Building Class
C
Year Built/Renovated
1985/2023
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
4.20 AC
Zoning
C4 - Commercial
Parking
252 Spaces (5.93 Spaces per 1,000 SF Leased)
Frontage
371’ on Pine St
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- T4
- 1,000 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| T4 | 1,000 SF | Retail | In-Line | Now |
T4
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
1 of 3
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Pine Plaza | 691-709 Pine St
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