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$ 1,199,000
Est. payment /mo
Active
3 QUEEN STREET Cavan Monaghan (millbrook Village), ON L0A1G0
2 Baths
3,336 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,336 sqft
Price per Sqft $359
Subdivision Millbrook Village
MLS® Listing ID X12025975
Originating Board Central Lakes Association of REALTORS®
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Sewer Sanitary sewer
Listed by RE/MAX HALLMARK EASTERN REALTY
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