June 24, 2016

Canadian Tire Corporation in its $285 Million Sale and Leaseback of the Bolton Canadian Tire Distribution Centre

Goodmans LLP represented Canadian Tire Corporation ("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.

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Canadian Tire Corporation in its $285 Million Sale and Leaseback of the Bolton Canadian Tire Distribution Centre

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