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Listed by Kram S Sarohia • MaxWell Challenge Realty
$ 1,749,000
Est. payment | /mo
$ 1,749,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID E4454531
Year Built 1959
Property Description
Investment Property Opportunity- A great opportunity to start or expand your portfolio with a solid investment property. The building underwent extensive renovations in 2024 and is currently leased to a well-established daycare business, providing a secure and stable tenant. The NNN lease is for 10 years until December 2034, with two additional 5-year renewal options, ensuring long-term stability. Attractive rent escalations are built in every two years, increasing both cash flow and property value. The property is currently listed at a cap rate above 6%, with projections to reach around 7% by the end of 2026—and continuing to grow with each escalation. Don't miss this opportunity to acquire a fully renovated property with excellent returns and strong future growth. Please respect confidentiality, strictly do not approach the tenant.
Location
Province NL
Zoning Zone 21
Others
Tax ID 0013295812
Ownership Private
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