In 2006 Forum Leasehold Partners acquired a national portfolio of 46 Speedy Muffler, Brake and Wheel locations in a sale leaseback transaction with SMK International, who simultaneously entered into a long term lease for the properties. The portfolio consists of 184,000 square feet in Ontario, Quebec, Alberta, Nova Scotia and New Brunswick.
In order to select an investor, SMK International engaged a professional broker/advisor to assist in conducting a full marketing and bidding process.
Established in 1956, Speedy is a Canadian leader in its field, with over 200 "Speedy" and "Minute" locations across the country.
Typical Minute Muffler and SMK stores are situated in quality locations along major thoroughfares. The portfolio consists of established and well-seasoned properties, which have been in operation for at least 25 years, and are difficult to duplicate at current replacement costs.
Portfolio Properties:
ONTARIO
GTA/Hamilton-Niagara/Golden Horseshoe
2145 Dundas Street West, Mississauga, Ontario
204 King Street West, Oshawa, Ontario
112 Speers Road, Oakville, Ontario
760 Guelph Line Road, Burlington, Ontario
1289 Main Street West, Hamilton, Ontario
824 Fennell Avenue, Hamilton, Ontario
38 Wentworth Street South, Hamilton, Ontario
538 Parkdale Avenue North, Hamilton, Ontario
955 Upper James Street, Hamilton, Ontario
930 Queenston Road, Stoney Creek, Ontario
381 Ontario Street, St. Catharines, Ontario
403 Vine Street, St. Catharines, Ontario
284 Glendale Avenue, St. Catharines, Ontario
615 Niagara Street North, Welland, Ontario
4751 Valley Way, Niagara Falls, Ontario
7009 Lundy's Lane, Niagara Falls, Ontario
Northern Ontario
830 The Kingsway, Sudbury, Ontario
1307-07 Fisher Street, North Bay, Ontario
33 Great Northern Road, Sault Ste. Marie, Ontario
Eastern Ontario
708 Lansdowne Street West, Peterborough, Ontario
963 St. Laurent Blvd., Ottawa, Ontario
2285 Carling Avenue, Ottawa, Ontario
1670 Bank Street, Ottawa, Ontario
2523 St. Joseph Blvd., Orléans (Gloucester), Ontario
1608 Merivale Road, Nepean, Ontario
691 Princess Street, Kingston, Ontario
3050 Jefferson Drive, Brockville, Ontario
Southwestern Ontario
350 Colbourne Street, Brantford, Ontario
471 York Street, London, Ontario
1800 Dundas Street East, London, Ontario
615 Oxford Street West, London, Ontario
255 Weber Street North, Waterloo, Ontario
3430 Tecumseh Road East, Windsor, Ontario
315 University West, Windsor, Ontario
2507 Ouellette Avenue, Windsor, Ontario
901 Exmouth Street, Sarnia, Ontario
NEW BRUNSWICK
905 Mountain Road, Moncton, New Brunswick
NOVA SCOTIA
431 Grand Lake Road, Sydney, Nova Scotia
2714 Robie Street, Halifax, Nova Scotia
1725 Bedford Highway, Bedford Nova Scotia
627 Sackville Drive, Lower Sackville, Nova Scotia
QUEBEC
2620 Chemin Chambley, Longueuil, Quebec
5905 Des Grandes Prairies, St. Leonard, Quebec
513 Blvd. Des Laurentides, Pont Viau - Laval, Quebec
610 St. Joseph Boulevard, Hull, Quebec
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