8
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$1,900,000
Est. payment /mo
11,200 SqFt
Active
1875 Seymour ST North Bay, ON P1A 0C7
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,200 sqft
Price per Sqft $169
Subdivision Birchaven
MLS Listing ID X12172965
Annual Tax Amount $27,011
Tax Year 2024
Property Sub-Type Investment
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
Others
Security Features Yes
Listed by LENNARD COMMERCIAL REALTY
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