$4,500,000
Available - For Sale
Listing ID: X12379636
563 Clarke Road , London East, N5V 2E1, Middlesex
| 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. |
| Price | $4,500,000 |
| Taxes: | $31226.50 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 563 Clarke Road , London East, N5V 2E1, Middlesex |
| Postal Code: | N5V 2E1 |
| Province/State: | Middlesex |
| Legal Description: | PART LOT 5 CONCESSION 1 AS IN 317759, 44 |
| Directions/Cross Streets: | Clarke Rd at Atlantic Court, |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Use: | Automotive Related |
| Building Percentage: | T |
| Total Area: | 23371.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 4 |
| Office/Appartment Area Code: | % |
| Office/Appartment Area Code: | % |
| Retail Area Code: | % |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 51-99 |
| Business/Building Name: | 563 Clarke Rd |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | Monday |
| Employees #: | 7 |
| Seats: | 0 |
| Sprinklers: | Yes |
| Washrooms: | 4 |
| Outside Storage: | T |
| Rail: | N |
| Crane: | F |
| Clear Height Feet: | 18 |
| Truck Level Shipping Doors #: | 1 |
| Height Feet: | 10 |
| Double Man Shipping Doors #: | 9 |
| Height Feet: | 10 |
| Width Feet: | 12 |
| Drive-In Level Shipping Doors #: | 4 |
| Height Feet: | 12 |
| Width Feet: | 8 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX CENTRE CITY REALTY INC. |
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Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East H |
| Approximate Age: | 51-99 |
| Tax: | $31,226.5 |
| Baths: | 4 |
| Fireplace: | N |
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