3 Queen St - Hospitals FOR SALE


Millbrook, ON L0A 1G0
$1,199,000 CAD
705-761-1016
3 Queen St, Millbrook, ON for Sale
$1,199,000 CAD
Hospitals - FOR SALE
1/3
null | 6% Cap Rate

3 Queen St
Millbrook, ON L0A 1G0


OVERVIEW

This first-class AAA investment property in the heart of Millbrook offers a secure and high-performing investment. The 3,336 sq. ft. animal hospital was built in 2012, and sits on a prime corner lot (66' x 165') and is backed by a Triple Net 10-year lease that commenced in 2021 with P3 Veterinary Partners, a well-established national operator with 60 locations across Canada. The lease includes two additional five-year renewal options, ensuring long-term stability. Annual rent increases are tied to the Consumer Price Index ensuring consistent revenue growth. The estimate of 2025 net income is $71,940 and will continue to increase each year based on CPI. With a strong national tenant and a secure long-term lease, this property presents an exceptional opportunity for investors seeking reliable returns in a thriving community.

FOR SALE DETAILS

PRICE

$1,199,000 CAD

PRICE/SF

$359 CAD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

c-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Grant GibsonRE/MAX Eastern Realty IncMore Info
705-761-1016

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Grant GibsonRE/MAX Eastern Realty IncMore Info
705-761-1016

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