80 Second Avenue W , Simcoe, ON N3Y 2P3
Simcoe, ON N3Y 2P3
Description
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!
Details
| MLS# | 40687934 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 18 |
| Listing Provided By | Realty Advisors & Co., Brokerage | Richard Rudlin |
Features
| Zoning | MG, HL |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Norfolk |
| City | Simcoe |
| Zip Code | N3Y 2P3 |
| Area | Town of Simcoe |
| Subarea | Town of Simcoe |
| Community Name | Town of Simcoe |
| Listing VS Median (in Town of Simcoe) | |
Price: $3,850,000 low | high Med: $599,900 On Site: 18 low | high Med: 9 | |
