ON > North Bay > Birchaven
North Bay, ON P1A 0C7,1875 Seymour ST
North Bay, ON P1A 0C7,1875 Seymour ST
North Bay, ON P1A 0C7,1875 Seymour ST
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Raafat Metwaly

Raafat Metwaly

+1(647) 461-3580
$1,900,000
Est. payment /mo
11,200 SqFt
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UPDATED:

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

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Listed by LENNARD COMMERCIAL REALTY

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agent

Raafat Metwaly

+1(647) 461-3580

Broker | License ID: 4771063

Broker License ID: 4771063

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