1875 Seymour Street Active Save Request In-Person Tour Request Virtual Tour
North Bay,ON P1A 0C7
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