**attention investors** scoop up an easy 6 cap with this hassle free grand bend income opportunity just steps to the 3rd best beach in canada & situated in a high traffic location in one of the fastest growing rural towns in the country! Attention investors in search of a stable & secure venue to park some money: this young & fresh 9000 sq ft 3-unit/triple tenant commercial condo provides reliable fixed term income across 3 separate units generating just over $90k per yr collectively on 3 separate term leases, all leased (net net on part), w/the healthy tmi/cam (an additional $60k + utilities) leaving the owner w/ zero expenses per yr! As most savvy income-minded investors are aware, successful business tenants in a growing community are likely a safer bet than equities, which is likely the catalyst for the substantial investments that have been made in the grand bend area over past 36 months, all simultaneous to more & more families & younger generational buyers migrating to the beach for year round living! Bottom line, the smart money is recognizing this trend & its here in grand bend. During the past 4 years alone, there has been approximately 10 x more capital invested on individual property sales for development & investment purposes on commercial & mixed use properties in grand bend than the total amount spent on such land & buildings in the previous 20 yrs combined! Why is all of this so crucial for a commercial income property like this one? Because, these trends result in stronger customer bases for the year round commercial tenants at this excellent location! And w/ commercial tenancy, landlord's upkeep responsibilities are minimal + the commercial tenancies act is more landlord friendly than the rta! This offering provides easy low hassle income in a prime spot w/ everlasting visibility directly across from the tim horton's drive thru! Plus, the potential 2 new ev chargers (currently in the approval phase) could generate even more income! 10+ all around!
Listing IDX12463426
Address37 ONTARIO Street Unit# 1
CityLambton Shores, Ontario
Price$1,450,000
StyleCommercial Retail
Land Size1.012
TypeIndustrial/Commercial
StatusFor Sale
