540 Plains Rd E
Burlington, ON L7T 2E1 Aldershot

• Unit Size: 7,000 SF
• Condo Use: Office/Retail
• Price: $2,348,096 USD
• Sale Type: Investment or Owner User
• Price/SF: $335.44 USD

Description

7000 +/- sf of MXG zoned office/retail space at the base of a modern 6 storey condo building in the heart of Aldershot. Solid lease in place with a government covenant. Keep this AAA Tenant in place for the long term or convert the space to suit your business needs when the lease comes due. Solid Cap rate with next to no landlord involvement, excellent quality finishes, mechanically solid - Long-term Net lease in place coming due Oct 31, 2031, with the opportunity to extend it another 20 years. Top quality buildouts including administrations offices, lunchroom, multiple washrooms, accessible auto-doors and openers, terrific natural lighting and excellent exposure make this a quality asset to add to your portfolio. MXG zoning permits a wide range of uses allowing possible future uses to include medical office, professional office, retail, daycare, dental, and more.

Sale Notes

Private Remarks: 
Please do not engage staff/tenants in any real estate discussions. City of Burlington tenanted property, so taxes are zero as they do not charge themselves taxes. Shared Facilites Agreement so there is no condo fee. Contact L/A for more details. Contact L/A about excluded purchaser list.
Showing Remarks:
Listing agent to be present for all showings, allow enough notice to coordinate schedules. Showings during library business hours only M-Th 9 to 8pm, Fri/Sat 9-5pm, Sunday - try to avoid.