14
See all 14 photos
$4,200,000
Est. payment /mo
4 Baths
23,371 SqFt
Price Dropped by $300K
563 Clarke RD London East, ON N5V 2E1
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 23,371 sqft
Price per Sqft $179
Subdivision East H
MLS Listing ID X12379636
Annual Tax Amount $31,226
Tax Year 2025
Property Sub-Type Commercial Retail
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.
Location
Province ON
County Middlesex
Community East H
Area Middlesex
Interior
Cooling Partial
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 198.4
Lot Depth 441.34
Building
Building Age 51-99
Others
Security Features Yes
ParcelsYN No
Listed by RE/MAX CENTRE CITY REALTY INC.