Discover an exceptional investment opportunity featuring a single, national, triple net tenant with this expansive warehouse property. With approximately 62,000 square feet of versatile space situated on approximately 3 acres, this property is designated under the Official Plan as Urban Residential, making it an ideal candidate for future development. The tenant currently occupies the entire building and has recently signed a new lease with robust annual escalations and favorable renewal provisions, ensuring a stable income stream. The property offers a remarkable return on investment with a cap rate just under 8% and annual escalation's through 2028. Ideally situated in a prime locale near the intersection of Queensway and Norfolk in downtown Simcoe, this property provides convenient access and ample on-site parking. Don’t miss out on this top-notch industrial opportunity. (id:4069)
Address
80 SECOND Avenue W
List Price
$3,850,000
Property Type
Industrial
Area
Ontario
Sub-Area
Simcoe
Floor Area
62,000 Sq. Ft.
MLS® Number
40676813
Listing Brokerage
Realty Advisors & Co., Brokerage
Basement Area
Partial
Postal Code
N3Y2P3
Zoning
MG, HL
