ON > Cavan Monaghan > Millbrook Village
Cavan Monaghan, ON L0A 1G0,3 Queen ST
Cavan Monaghan, ON L0A 1G0,3 Queen ST
Cavan Monaghan, ON L0A 1G0,3 Queen ST
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$1,199,000
Est. payment /mo
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2 Baths
3,336 SqFt
Active

3 Queen ST Cavan Monaghan, ON L0A 1G0

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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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
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agent

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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