Grocery Anchored Retail Portfolio

Avison Young (the “Advisor”) is pleased to offer for sale a 100% freehold interest in five free-standing grocery-anchored properties, located in established secondary markets of Nova Scotia and New Brunswick. The portfolio is comprised of 3552 Highway 3, Barrington Passage, 144 Reserve Street, Glace Bay, 716 and 720 Central Avenue, Greenwood, and 985 Prince Street, Truro, all in Nova Scotia and 114 Roseberry Street, Campbellton in New Brunswick (the “Properties”, the “Portfolio”, or the “Offering”).The Offering totals 234,312 square feet of prime retail space, anchored by Sobeys, the second largest grocery store chain in Canada and a subsidiary of Empire Company Limited (TSX: EMP.A), a Canadian food retail conglomerate. With approximately $30.2 billion in annual sales and $16.6 billion in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 130,000 people. Sobeys is rated BBB (stable) by DBRS Ltd. and BBB- (stable) by S&P. Tenants hold NNNN leases, with a weighted average lease term of 7 years, and several renewal options and rental escalations. The Properties total 1,678,236 square feet of land, ideally located within their respective markets across Nova Scotia and New Brunswick. These sites benefit from high visibility, accessibility and traffic, as well as the proximity of densely populated residential areas. The Atlantic provinces are poised to grow by 0.62% in the next five years, thus assuring the long-term stability and security of this investment.