Explore an outstanding investment opportunity with this expansive warehouse property, featuring a single national triple net tenant. Spanning approximately 62,000 square feet on around 3 acres, this versatile space is designated as Urban Residential in the Official Plan, positioning it as an excellent prospect for future development. The tenant currently occupies the entire building and has recently signed a new lease that includes strong annual escalations and favorable renewal terms, ensuring a reliable income stream. With a cap rate of just under 8% and annual escalations extending through 2028, this property promises an impressive return on investment. Conveniently located near the intersection of Queensway and Norfolk in downtown Simcoe, it offers easy access and ample on-site parking. Seize this exceptional industrial investment opportunity! (id:60488)
| MLS® Number | 40687934 |
| Property Type | Vacant Land |
| Basement Type | None |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| Size Depth | 311 Ft |
| Size Frontage | 570 Ft |
| Size Total Text | 2 - 4.99 Acres |
| Zoning Description | Mg, Hl |
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/27778740/80-second-avenue-w-simcoe
Realty Advisors & Co., Brokerage
45 Argyle Avenue
Delhi,
Ontario
N4B 1J4
Realty Advisors & Co., Brokerage
45 Argyle Ave. Unit A
Delhi,
Ontario
N4B 1J4
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