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Listed by Sasha Ischenko • Lennard Commercial Realty
$1,900,000
Est. payment /mo
11,200 SqFt
New
1875 Seymour Street North Bay, ON P1A 0C7
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Key Details
Property Type Commercial
Sub Type Retail,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 11,200 sqft
Price per Sqft $169
MLS Listing ID 40734065
Abv Grd Liv Area 11,200
Annual Tax Amount $27,011
Property Sub-Type Retail,Building and Land
Source Waterloo Region
Property Description
North Bay Animal Hospital - A rare opportunity to acquire a freestanding, necessity-based healthcare asset backed by an exceptional corporate covenant on a long term 17 year lease. Lease commenced in May 2022 with 2% annual rental escalations, compounding significantly(~40% growth). The property is fully leased to National Veterinary Associates (NVA) one of the largest and most respected veterinary services providers in North America. NNN lease structure, offering an investor a hands-off and stable income stream. The lease provides for strong rental growth and long-term cash flow backed by a leading operator in a recession-resilient sector.
Location
Province ON
County Nipissing
Area North Bay
Zoning MBP SP.30
Direction West of Wallace Rd
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 223.75
Garage No
Building
Lot Description Highway Access
Faces West of Wallace Rd
Story 2
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 491420196
Ownership Other
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