Descripation

NNN income generating property occupied by an established, multi-location tenant. Set on a freehold lot over 6,500 sq ft. Suitable parking area for tractor trailer. Initial lease term ends September 14, 2030. Built-in yearly rent escalations. Average yearly rent is $28,500. Tenant pays all utilities directly and contributes monthly toward property taxes. Just 2km from major retail centre with Walmart, Canadian Tire, and Dollarama. Strategically located in Chatham-Kent, with an estimated population of 113,070 residents, up 8.1% since 2016.