80 SECOND Avenue W

Simcoe, Ontario, N3Y2P3, Canada

$3,850,000

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.

Last updated on : Wednesday 13th of November 2024 10:43:53 AM

ADDRESS

Street : 80 SECOND Avenue W

City : Simcoe

Province : Ontario

Country : Canada

Postal Code : N3Y2P3

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PROPERTY SUMMARY

Property ID : 40676813

Property Type : Industrial

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