415 Queensway West

$1,650,000
Triple Net Leased Veterinary Property Portfolio

42.8445077, -80.3216153

Main Intersection
Queensway West & Hunt Street N
Location
Norfolk County
Address

415 Queensway West
Simcoe ON N3Y 2N4
Canada

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Land Information

Total Size
47,404 SF (1.088 acres)

Building Information

Zoning
CS - Service Commercial Zone
Current Use
Veterinary Clinic
Details

Queensway Veterinary Hospital, located at 415 Queensway is a full-service veterinary clinic and hospital serving the Simcoe, Ontario community since the 1970’s. The Property is situated along Queensway West (Highway 3) a busy commercial thoroughfare running east-west across the municipality. Most recently the tenant renewed the lease for 20 years, extending the term to April 2043. With 6% contractual rental increments every 2 years, the property provides for a stable and predictable cash-flow with exceptional built-in growth. The property offers a triple net lease, whereby the tenant is responsible for all day-to-day maintenance and operation of the asset.