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Key Facts
Key facts for 563 Clarke Road
Property Type
Commercial
Parking
Covered
MLS #
X12379636
Size
-
Basement
-
Listed on
2025-09-04
Lot size
198 x 441.34
Tax
$31,226.50 /yr
Days on Market
2
Approximate Age
51-99
Maintenance Fee
-
Description
An exceptional investment opportunity at 563 Clarke Road, offering nearly 20,000 sq. ft. of commercial/industrial space on over 2 acres in a high-exposure, high-traffic location. The property is fully leased to two strong covenant tenants Anderson Trucking and OK Tire both secured under true tripl...e net (NNN) lease structures, ensuring virtually no landlord expenses. Together, the tenants generate over $304,000 in annual net income, with new five-year leases commencing in 2025 and renewal options in place. With predictable cash flow, minimal management obligations, and market valuations supporting a 5.5% cap rate ($5.5M$6.1M), this asset represents a stable, long-term addition to any investment portfolio.
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