3 Queen Street Image 1

$1,199,000

6 days agoInvestment For Sale
bedroomsbed
washrooms0bath
MLS - #X12025975

3 Queen Street, Cavan Monaghan, ON L0A 1G0

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Similar Homes Found
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Average Price
119900000.0%
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Price Comparison

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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 3 Queen Street

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.

Home Overview

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

Listed by RE/MAX HALLMARK EASTERN REALTY

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$4579.37/ month
$959,200 Principal and Interest
$1,151,040 Property Taxes

Location

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Walk Score for 3 Queen Street

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