Property type
Investment
Lot size
N/A
Style
Approx. Area
N/A
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.
Last updated
5 days ago
Virtual tour
None
Basement information
Building size
3336
Status
In-Active
Property sub type
Investment
Maintenance fee
$N/A
Year built
2024
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