1875 Seymour St - Veterinarian/Kennel FOR SALE


North Bay, ON P1A 0C7
$1,900,000 CAD
647-401-6025

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$1,900,000 CAD
Veterinarian/Kennel - FOR SALE
null | Request Cap Rate

1875 Seymour St
North Bay, ON P1A 0C7


HIGHLIGHTS

  • Long term lease tenant
  • Annual rent escalations
  • Lease is guaranteed by NVA Holdings, Inc., part of the globally recognized National Veterinary Associates
  • Prominent arterial road location in North Bay, a key regional hub in Northern Ontario

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,900,000 CAD

PRICE/SF

$170 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

MBP Sp.30

APN/PARCEL ID

484405007331250

ASK ABOUT THIS PROPERTY

Sasha IschenkoLennard Commercial RealtyMore Info
647-401-6025

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Sasha IschenkoLennard Commercial RealtyMore Info
647-401-6025

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.