Freestanding Restaurant for Lease in Winnipeg's Dominant Retail Node

655 Empress Street Winnipeg, MB R3G 3P7

655 Empress Street, Winnipeg, MB, R3G 3P7, CA
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FOR LEASE
Property Type:
Restaurant
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Oct 02, 2024

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The Polo Park retail node is dominated by large national retailers and serves shoppers from all over Manitoba. A significant number of apartment buildings with thousands of first-class multifamily units proposed to be constructed over the next decade. Polo Festival enjoys great exposure with over 1,600 feet of frontage on Empress Street and a controlled intersection on the northeast corner of Empress Street and Maroons Road. Ample parking is available for approximately 900 vehicles. The property is located directly adjacent to CF Polo Park (10M visitors annually), Silver City Movie Theatres, Polo North (Marshalls and Mark’s) and the Plaza at Polo (P.F. Chang's, Winners, HomeSense, and IntouchCX).

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Map of 655 Empress Street, Winnipeg, MB, R3G 3P7, CA

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.