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965 Old Glass rd 3,000 SF Retail Building Wallaceburg, ON N8A 3T1 $389,000 CAD ($129.67 CAD/SF) 7.50% Cap Rate
Investment Highlights
- NNN Lease
- New Roof (2025)
Executive Summary
This income-generating industrial/retail building is occupied by an established, multi-location tenant. Set on a freehold lot of over 6,500 sq. ft., the property offers customer parking, grade-level shipping door, retail showroom, and industrial space. Under the NNN lease, the tenant is responsible for utilities, and a capped annual contribution toward property taxes. Built-in annual rent increases bring the final year's rent to $31,200. The lease runs through September 14, 2030. Strategically located in Chatham-Kent, with an estimated population of 113,070, up 8.1% since 2016.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
3,000 SF
Year Built
2026
Price
$389,000 CAD
Price Per SF
$129.67 CAD
Cap Rate
7.50%
NOI
$29,175 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.15 AC
Amenities
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 7
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965 Old Glass rd
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