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$ 4,420,000
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New
5 Patterson ST N New Tecumseth, ON L0G 1A0
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Beeton
MLS Listing ID N12989424
Annual Tax Amount $24,250
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
5% cap rate!!! Tim Hortons with Drive-Thru!!!Rare opportunity to purchase a brand-new construction (2020), freestanding Tim Hortons with drive-thru and 23 dedicated parking stalls located on a prominent corner lot in Beeton's primary retail node. Triple Net (NNN) lease providing passive, management-free income. Tim Hortons is Canada's largest coffee chain (3,500+ locations nationally; 6,000+ globally) with exceptional same-store sales performance. Only drive-thru in the immediate trade area with no nearby Starbucks or McDonald's. Shadow-anchored by Foodland, LCBO and Shoppers Drug Mart, with Petro-Canada across the street. Adjacent to the ~$175M Simcoe Manor redevelopment (under construction). Located in New Tecumseth, a high-growth market with population projected to approach ~14,000. Durable and defensive income with one of Canada's most recognizable retail brands. Positioned within one of New Tecumseth's fastest-growing residential nodes, Beeton is projected to welcome over 7,000 new residents by 2051, supported by a combination of approved developments and strategic boundary expansions. This growth is underpinned by 165 hectares of new land, with approximately 78.7 hectares of developable area planned at a density of 55 people and jobs per hectare, delivering complete, livable communities with a strong mix of housing, services, and infrastructure. Set to capture 17.2% of the Town's expansion growth, Beeton is evolving into a key residential hub complemented by local commercial and employment uses, offering investors exposure to meaningful population growth without the congestion of larger urban centres. This trajectory is further reinforced by the Town's broader target of approximately 81,000 residents and over 31,000 jobs by 2051, positioning the Property to benefit from sustained long-term demand and increasing consumer density.
Location
Province ON
County Simcoe
Area Simcoe
Zoning CC Corridor Commercial
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 150.6
Lot Depth 140.27
Building
Building Age 0-5
Others
Security Features Yes
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
Nearby Locations
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