Description

Fully leased NNN single-tenant investment secured by a long-term Net + Carefree lease to well-established veterinary clinic with longstanding neighborhood operating history. The clinic occupies both retail units / the entire ground floor commercial component of the building. The practice is led by Dr. Nigel Skinner, co-owner/vet with 20+ years of experience in the area. The lease is further supported by a strong personal guarantee extending through the lease/renewal terms. Located at the base of the 8-storey Terrasse at The Hunt Club in Toronto's Upper Beaches, this brand-new corner retail unit features prominent wraparound frontage at Kingston Road and Woodland Park Road, directly across from the Toronto Hunt Club. The property benefits from ongoing neighborhood revitalization, increasing residential density, strong transit access, and an underserved retail market, supporting long-term tenant stability and income security. The lease to state-of-the-art Shoreline Veterinary extends for nearly another 8 years, with a 1x5 option thereafter. Current net rental income is $90,981 / year, escalating 3% per annum as of each Nov 1. Very strong NOI for a going in and future cap rate with a AAA stable & secure tenancy. The offering includes 2 titled parking spots (1 underground & 1 surface level) currently included in the Tenants lease agreement.