24
See all 24 photos
$1,199,000
Est. payment /mo
2 Baths
3,336 SqFt
Active
3 Queen ST Cavan Monaghan, ON L0A 1G0
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,336 sqft
Price per Sqft $359
Subdivision Millbrook Village
MLS Listing ID X12025975
Annual Tax Amount $11,467
Tax Year 2024
Property Sub-Type Investment
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.
Location
Province ON
County Peterborough
Community Millbrook Village
Area Peterborough
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 165.0
Listed by RE/MAX HALLMARK EASTERN REALTY