1694 Topsail Road Paradise, Newfoundland & Labrador A1L 1V5
$1,595,000
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:60626)
Business
| Business Type | Other, Retail and Wholesale, Retail and Wholesale, Retail and Wholesale |
| Business Sub Type | Mixed - IC&I, Shopping center, Specialty retail, Business |
Property Details
| MLS® Number | 1286715 |
| Property Type | Retail |
| Neigbourhood | Karwood Estates |
Building
| Constructed Date | 2019 |
| Flooring Type | Laminate, Other |
| Heating Type | Baseboard Heaters, Forced Air, Mini-split |
| Size Interior | 6,457 Ft2 |
| Type | Other |
Land
| Acreage | Yes |
| Size Irregular | 1.08 Acre |
| Size Total Text | 1.08 Acre|1 - 3 Acres |
| Zoning Description | Commercial |
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July 18 2025 04:02:49
Newfoundland & Labrador Association of REALTORS®
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