563 Clarke Road, London East, ON N5V 2E1

London East N5V 2E1 Ontario

MLS: X12379636

$4,500,000

Added 4 days ago | For Sale

Listed by: RE/MAX CENTRE CITY REALTY INC.

About Property

An exceptional investment opportunity at 563 Clarke Road, offering nearly 20,000 sq. ft. of commercial/industrial space on over 2 acres in a high-exposure, high-traffic location. The property is fully leased to two strong covenant tenants Anderson Trucking and OK Tire both secured under true triple net (NNN) lease structures, ensuring virtually no landlord expenses. Together, the tenants generate over $304,000 in annual net income, with new five-year leases commencing in 2025 and renewal options in place. With predictable cash flow, minimal management obligations, and market valuations supporting a 5.5% cap rate ($5.5M$6.1M), this asset represents a stable, long-term addition to any investment portfolio.

Features

  • House Style:Commercial Retail
  • Bathrooms:4
  • Land Size: 198.4 X 441.34
  • Water:Municipal
  • Garage Spaces: /Covered
  • Driveway:
  • Heating Fuel:
  • Cross Street:Clarke Rd at Atlantic Court,
  • Basement: ,
  • Possession Date:Available including Tenants Immediately
  • Annual Property taxes: $31226.5
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12379636

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