1875 Seymour Street

North Bay, P1A 0C7
FOR SALE
$1,900,000
1875 Seymour Street, North Bay
1875 Seymour Street
1875 Seymour Street
1875 Seymour Street
1875 Seymour Street
1875 Seymour Street
1875 Seymour Street
1875 Seymour Street
Commercial Retail
CATEGORY
11,200 Sq Ft
TOTAL AREA
X12172934
MLSID
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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.
Property Details
Address
1875 Seymour Street
Community
Postal Code
P1A 0C7
Property Type
Commercial Retail, Commercial Retail
Days On Market
23
Use
Retail
Zoning
MBP Sp.30
Total Area
11,200 Sq Ft
Retail Area
11,200 Sq Ft
Acreage
1.6 Feet
Taxes
$27,011 (2024
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
Outside/Surface
Listing contracted with Lennard Commercial Realty
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