Bought with BlueKey Realty Inc.
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Key Details
Sold Price $1,575,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,457 sqft
Price per Sqft $243
MLS Listing ID 1286715
Sold Date 09/18/25
Year Built 2019
Annual Tax Amount $15,150
Lot Dimensions 1.08 acre
Source NLAR
Property Description
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?
Location
Province NL
Zoning Commercial
Interior
Heating Baseboard, Forced Air, Mini Split
Cooling Baseboard, Forced Air, Mini Split
Exterior
Roof Type Metal
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