2 Bathroom
3336 sqft
Fully Air Conditioned
Forced Air
$1,199,000
This first-class AAA investment property in the heart of Millbrook offers a secure and high-performing investment. The 3,336 sq. ft. animal hospital was built in 2012, and sits on a prime corner lot (66' x 165') and is backed by a Triple Net 10-year lease that commenced in 2021 with P3 Veterinary Partners, a well-established national operator with 60 locations across Canada. The lease includes two additional five-year renewal options, ensuring long-term stability. Annual rent increases are tied to the Consumer Price Index ensuring consistent revenue growth. The estimate of 2025 net income is $70,576 and will continue to increase each year based on CPI. With a strong national tenant and a secure long-term lease, this property presents an exceptional opportunity for investors seeking reliable returns in a thriving community. (id:56087)
Property Details
|
MLS® Number
|
X12025975 |
|
Property Type
|
Office |
|
Community Name
|
Millbrook Village |
|
Farm Type
|
Other |
|
Parking Space Total
|
12 |
Building
|
Bathroom Total
|
2 |
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Interior
|
3336 Sqft |
|
Type
|
Offices |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
165 Ft |
|
Size Frontage
|
66 Ft |
|
Size Irregular
|
66 X 165 Ft |
|
Size Total Text
|
66 X 165 Ft |
|
Zoning Description
|
C-1 |
https://www.realtor.ca/real-estate/28039053/3-queen-street-cavan-monaghan-millbrook-village-millbrook-village
