80 SECOND Avenue W

Simcoe, Ontario, N3Y2P3, Canada

$3,850,000

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!

Last updated on : Wednesday 8th of January 2025 02:24:05 PM

ADDRESS

Street : 80 SECOND Avenue W

City : Simcoe

Province : Ontario

Country : Canada

Postal Code : N3Y2P3

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PROPERTY SUMMARY

Property ID : 40687937

Property Type : Industrial

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