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$ 4,200,000
Est. payment | /mo
4 Baths
23,371 SqFt
$ 4,200,000
Est. payment | /mo
4 Baths
23,371 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 23,371 sqft
Price per Sqft $179
Subdivision East H
MLS® Listing ID X12379636
Lot Size 2.013 Acres
Acres 2.013
Source London and St. Thomas Association of REALTORS®
Property Description
An exceptional investment opportunity at 563 Clarke Road, offering nearly 20,000 sq. ft. of commercial/industrial space on over 2 acres in a high-exposure, high-traffic location. The property is fully leased to two strong covenant tenants Anderson Trucking and OK Tire both secured under true triple net (NNN) lease structures, ensuring virtually no landlord expenses. Together, the tenants generate over $304,000 in annual net income, with new five-year leases commencing in 2025 and renewal options in place. With predictable cash flow, minimal management obligations, and better than 7% cap rate, this asset represents a stable, long-term incredible addition to any investment portfolio. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Virtual Tour https://youtu.be/aJnxQ8RKg-c
Listed by RE/MAX CENTRE CITY REALTY INC.
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Nest Real Estate Group
Real Estate Team | License ID: 139039