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$ 1,350,000
Est. payment /mo
Active
1544 Dundas ST London East, ON N5W 3C1
6 Baths
3,374 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,374 sqft
Price per Sqft $400
Subdivision East H
MLS Listing ID X12174881
Building Age 31-50
Annual Tax Amount $8,873
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Rare opportunity to purchase a prime corner lot investment property in an extremely busy retail location at the intersection of Dundas and First. This freestanding building sits on a 5,651 sqft lot with over 25,000 vehicles per day exposure and 10 dedicated stalls. The main floor (1,639 sqft) is net leased to Pizza Salvatoré (a national chain with almost 100 locations) on a 10 year term (July 2024 - June 2034). The lower level (1,708 sqft) is vacant, offering a value add opportunity to generate an additional $24K in annual income through medical, wellness, retail, or service leasing. With a current cap rate just under 5%, this turnkey asset delivers stable cash flow and clear upside. Surrounded by national retailers: Shoppers Drug Mart, Rexall, Taco Bell, Tim Hortons, McDonalds, LCBO and anchored by a bus stop at the doorstep and Fanshawe College nearby, the site benefits from exceptional foot traffic and convenience. Minutes from West London Mall, grocery stores, fitness centres, and professional offices, this high visibility corner location ensures tenant diversification and resilience. Investors will appreciate the strong net lease covenant, value add basement lease up, and flexible acquisition.
Location
State ON
County Middlesex
Community East H
Area Middlesex
Zoning ASA1(22)
Interior
Cooling Yes
Exterior
Parking Features Plaza
Community Features Major Highway, Recreation/Community Centre
Utilities Available Available
Building
Lot Description Lot
Others
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Lited by EXP REALTY