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$ 1,595,000
Est. payment /mo
Active
1694 Topsail Road Paradise, NL A1L1V5
6,457 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,457 sqft
Price per Sqft $247
MLS® Listing ID 1286715
Year Built 2019
Property Sub-Type Freehold
Source Newfoundland & Labrador Association of REALTORS®
Property Description
Octagon Pond Plaza is strategically located and fully occupied, generating a stabilized cap rate of ~8.50%. The property comprises five individual units with the anchor tenant Little Caesars. Tenants are secured with extensive leaseholds, accompanied by long-term leases including renewal options, providing reliable cash flow and minimal vacancy risk. PROPERTY SPECIFICATIONS: Total Units: 5 individual spaces (1,165 - 1,500 sq ft each) Building Age: Only 6 years old - minimal capital expenditure requirements Occupancy: 100% leased with seasoned tenant mix Lease Structure: Long-term agreements with built-in renewal options Parking: Abundant on-site parking enhances tenant retention This institutional-quality asset provides sophisticated investors with immediate access to a proven income stream featuring built-in growth potential. The combination of credit-worthy tenants, favourable lease structures, and prime retail positioning creates an ideal wealth-building vehicle with predictable returns. Ready to deploy capital into this cash-flowing asset? (id:24570)
Location
Province NL
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air
Flooring Laminate, Other
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage Atlantic Homestead