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In-PersonVirtual Tour
$ 2,400,000
Est. payment | /mo
16,895 SqFt
$ 2,400,000
Est. payment | /mo
16,895 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 16,895 sqft
Price per Sqft $142
Subdivision Pickle Lake
MLS® Listing ID TB251897
Lot Size 1.200 Acres
Acres 1.2
Source Thunder Bay Real Estate Board
Property Description
Trophy Investment Asset – Fully Leased AAA-Tenant Strip Mall in Downtown Pickle Lake Rare opportunity to acquire one of the largest and most prominent commercial properties in downtown Pickle Lake. Strategically positioned at the epicenter of the town's commercial core, this high-performing strip mall offers exceptional stability, visibility, and long-term value. With a 0% vacancy rate sustained over the past 3 years, every unit — including areas originally designated for common use in the last year — is fully leased. This property attracts and retains top-tier tenants, all of whom are AAA-rated and operating under Triple Net (NNN) leases, ensuring reliable, hands-off income for ownership. Recent capital upgrades include the installation of multiple new furnaces and a new compressor unit, enhancing energy efficiency and reducing ongoing maintenance expenses. Property Highlights: • Landmark commercial asset in downtown Pickle Lake • Fully leased – 0% vacancy over 3+ years • Even common areas monetized through leasing • Anchored by AAA tenants on Triple Net leases • Recent mechanical updates: new furnaces and compressor unit • High-traffic location with premium visibility and access • Strong in-place cash flow with minimal landlord obligations This is an ideal acquisition for investors seeking a secure, cash-flowing asset in a supply-constrained market. With a tenant roster of nationally and regionally recognized businesses, this property offers long-term income certainty and low operational risk. Contact us today to request and schedule a private tour. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Lot Description Sprinkler system
Story 1
Sewer Municipal sewage system
Listed by CENTURY 21 NORTHERN CHOICE REALTY LTD.
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