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1694 Topsail Road
Paradise Newfoundland & Labrador , A1L1V5 , Canada
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$1,595,000.00
MLS® 1286715
Commercial
Lot Size: 1.08 acre
Acreage: Yes
Built in: 2019
Zoning: Commercial
Remarks:
Octagon Pond Plaza is strategically located and fully occupied, generating a stabilized cap rate of ~8.50%. The property comprises five individual units with the anchor tenant Little Caesars. Tenants are secured with extensive leaseholds, accompanied by long-term leases including renewal options, providing reliable cash flow and minimal vacancy risk. PROPERTY SPECIFICATIONS: Total Units: 5 individual spaces (1,165 - 1,500 sq ft each) Building Age: Only 6 years old - minimal capital expenditure requirements Occupancy: 100% leased with seasoned tenant mix Lease Structure: Long-term agreements with built-in renewal options Parking: Abundant on-site parking enhances tenant retention This institutional-quality asset provides sophisticated investors with immediate access to a proven income stream featuring built-in growth potential. The combination of credit-worthy tenants, favourable lease structures, and prime retail positioning creates an ideal wealth-building vehicle with predictable returns. Ready to deploy capital into this cash-flowing asset? (id:7526)

Property Features:
  • OwnershipType: Freehold
  • Property Type: Retail
Building Features:
  • Building Type: Other
  • Flooring Type : Laminate , Other
  • Heating Type: Baseboard heaters , Forced air

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

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