$1,900,000
( $169.64Per Sq Foot )
$10,200 est/mo Sourced by Back At You1875 Seymour Street,North Bay, ON P1A 0C7
North Bay, ON P1A 0C7
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.
Details
| MLS # | 40734065 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Days On Site | 23 |
| Listing Provided By | Lennard Commercial Realty | Sasha Ischenko |
Features
| SQ Feet | 11,200 |
|---|---|
| Story(s) | 2 |
| Zoning | MBP SP.30 |
Taxes
| Property | 4740 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Nipissing |
| City | North Bay |
| Postal Code | P1A 0C7 |
| Area | North Bay |
| Subarea | Birchaven |
| Community Name | Birchaven |
| Listing VS Median (in Birchaven) | |
Price: $1,900,000 low | high Med: $1,900,000 SqFt: 11,200 low | high Med: 11,200 $ / SqFt: $170 low | high Med: $170 On site: 23 low | high Med: 23.000000 | |
Listing Updated: June 18, 2025 at 1:29:25 PM PDT