ON > North Bay > Birchaven
North Bay, ON P1A 0C7,1875 Seymour ST
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North Bay, ON P1A 0C7,1875 Seymour ST
North Bay, ON P1A 0C7,1875 Seymour ST
North Bay, ON P1A 0C7,1875 Seymour ST
North Bay, ON P1A 0C7,1875 Seymour ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 1,900,000
Est. payment /mo
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Active

1875 Seymour ST North Bay, ON P1A 0C7

11,200 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 11,200 sqft

Price per Sqft $169

Subdivision Birchaven

MLS Listing ID X12172934

Annual Tax Amount $27,011

Tax Year 2024

Property Sub-Type Commercial Retail

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.

Location

Province ON

County Nipissing

Community Birchaven

Area Nipissing

Zoning MBP Sp.30

Interior

Cooling Yes

Exterior

Utilities Available Yes

Others

Security Features Yes

Listed by LENNARD COMMERCIAL REALTY
agent

Jethro Seymour

Broker

+1(416) 712-0767

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1875 Seymour ST

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