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.
Address
3 Queen Street
List Price
$1,199,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Cavan Monaghan
Sub-Area
Millbrook Village
County
Peterborough
Bathrooms
2
Lot Size Source
MPAC
Lot Depth
165
Lot Type
Lot
Lot Size Units
Feet
Lot Width
66
MLS® Number
X12025975
Listing Brokerage
RE/MAX HALLMARK EASTERN REALTY
Postal Code
L0A 1G0
Tax Amount
$11,467.00
Tax Year
2024
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Sewer
Sanitary