$1,900,000
bed
0bath1875 Seymour Street, North Bay, ON P1A 0C7
Price Comparison
Property Description
Property type
Investment
Lot size
N/A
Style
Approx. Area
N/A
About 1875 Seymour Street
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.
Home Overview
Last updated
May 26
Virtual tour
None
Basement information
Building size
11200
Status
In-Active
Property sub type
Investment
Maintenance fee
$N/A
Year built
--
Additional Details
MORTGAGE INFO
ESTIMATED PAYMENT
Location
Some information about this property - Seymour Street
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