1694 Topsail Road
Paradise, NL, A1L1V5
$1,595,000
About the property (MLS: 1286715):
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:56688)
Property Details
Listing ID: 28494639
Address: 1694 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1V5
Status: Active
Last updated: 22 days ago ( Jun 19, 2025 )
Year Built: 2019
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Forced air
Flooring: Laminate, Other
Living Area Total: 6,457 square feet
Price per sq ft: $248
Tax Annual Amount: $15,150
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Forced air
Flooring: Laminate, Other
Common Interest: Freehold
Business Type: Other, Retail and Wholesale
Number of photos available: 6
Rurl
Coordinates: [47.528989, -52.882231]
Rooms
Basic Calculator
First Mortgage: $1,276,000
Mortgage insurance premium: $0
Total Financing: $1,276,000
Rough closing fee (1.5%): ~ $23,925
Total downpayment with estimated closing fee: $342,925
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $7,103 | $85,236 |
| Gross rental income (income/principal ratio) | 0.445% | 5.344% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,994 | $23,928 |
| Vacancy | $356 | $4,262 |
| Management Fee | $569 | $6,819 |
| Expense / Income Ratio | 28.07% | 28.07% |
| Cash Flow | $4,186 | $50,232 |
| Net Operating Income (NOI) | $4,186 | $50,232 |
| Capitalization Rate | 0.26% | 3.15% |
