1544 DUNDAS STREET, London East, Ontario
$1,350,000
- 6 Baths
- 3,374 Square Feet
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. (id:23309)
- Listing ID: X12174881
- Property Type: Retail
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1544 DUNDAS STREET in London East Ontario. It was last modified on May 28th, 2025. Contact Tom Linkletter to schedule a viewing or to discover other London East real estate for sale.