1875 Seymour ST new Save Request In-Person Tour Request Virtual Tour
North Bay,ON P1A 0C7
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,200 sqft
Price per Sqft $169
Subdivision Birchaven
MLS Listing ID X12172934
Annual Tax Amount $27,011
Tax Year 2024
Property Sub-Type Commercial Retail
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
Community Birchaven
Area Nipissing
Zoning MBP Sp.30
Interior
Cooling Yes
Exterior
Utilities Available Yes