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CANLParadiseIrvine1694 Topsail Rd
1694 Topsail Rd, Home with 0 bedrooms, 0 bathrooms and null parking in Paradise NL | Image 1
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$1,595,000
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1694 Topsail Rd, Paradise, NL

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 6457 sqft
Garage No
Maintenance Fees 
Taxes $15,150
Days Active 2
Approx. Age 2019
Avg. Price Per Sqft $247
MLS® Number 1286715

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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? (id:58753)Show Description
MLS® Number1286715
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2019
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard heaters, Forced air
A/C
Heating Fuel

Extras

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