Are you looking for an AAA building with an AAA tenant in a AAA neighborhood? Look no further, this medical clinic located in the city center of Boucherville offers you peace of mind and performance (GIM 11, Cap Rate 6,4%). We are looking for a serious investor.
The tenant, Familio, is a chain of private clinics specializing in mental health and social services. She operates currently 3 clinics in Quebec. Its activities are growing strongly.
The lease is triple net and valid until July 2029, with a 5-year renewal option. The base rent is $4,926 per month, with an annual rent increase based on the CPI. The additional rent is $2,074 and covers municipal school taxes, insurance, as well as snow removal and lawn care (shared with the neighbor). The tenant also pays electricity and all building maintenance, as well as all structural expenses. There are no expenses for the futur landlord.
More than $200K has been invested over the last 3 years in renovations and complete upgrading to municipal standards (invoices available).
The building is very easy to access with a large asphalt parking lot. It is located in the city center of Boucherville with very permissive zoning allowing a large multitude of businesses and high traffic.
Dimensions and areas are gross including the basement.