2429 Fairview Street

ennard Commercial Investment Services is pleased to offer for sale a 100% freehold interest in a single tenant property located at 2429 Fairview Street, Burlington, ON (the “Property” or “Burlington Scaddabush”). 

The offering represents a rare opportunity to acquire a freestanding retail property that is fully leased to Scaddabush Italian Kitchen & Bar, a chain of restaurants owned and operated by Service Inspired Restaurants (SIR Corp). The Property is comprised of a 6,889 SF restaurant (with an outdoor patio) and sits on 1.24 acres of prime land, providing ample parking for its loyal customer base. The asset is located next to the major signalized intersection of Guelph Line and Fairview Street, offering excellent visibility and accessibility along with 2 points of ingress and egress. The Property is also directly across from Burlington Centre, a 721,000 SF enclosed shopping centre that acts as a major draw to the asset.

The Property was constructed in 1994 and has successfully operated as multiple SIR Corp brands over the years. Most recently the tenant signed a 5-year lease renewal in 2023, set to expire in January 2028, with no further renewal options available. This presents a unique opportunity for investors to either extend the lease with the current tenant or repurpose the building for their own use. The surrounding area features a mix of retail and service-oriented properties leased to national brands, along with thousands of residential units under construction or in the planning stages. The Property is conveniently located near the QEW and within walking distance of Burlington GO Station, further enhancing the appeal of this offering.