563 CLARKE ROAD, London East (East H), Ontario, N5V2E1

Property Description

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 better than 7% cap rate, this asset represents a stable, long-term incredible addition to any investment portfolio. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: 4
• Living Area: 23,371 sq ft (2,171.2 m²)
• Lot Size: 2.0130 acres (0.81 ha)
• Frontage: 198 ft (60.5 m)

Costs

• Annual Taxes: $31,226.50 (2024)

Listing Provided by: RE/MAX CENTRE CITY REALTY INC.
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.