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Available - For Sale
Listing ID: X12215321
Royal LePage Commercial is pleased to offer 161 Bridge St W, Belleville for sale. Anchored by Giant Tiger & Dollarama and supported by a variety of other national & local businesses, Bridge & Sidney Square is a 108,509 SF GLA destination retail plaza. Situated on 7.2 acres, the plaza is 76% leased to a diverse mix of tenants offering a destination for convenience & service-oriented needs. Other well-known tenants include Mucho Burrito, PharmaChoice, Belleville Quinte West Community Health Centre, Surplus Furniture & Mattress Warehouse, and a freestanding Tim Hortons w/ drive-thru. The prop. is a dominant plaza in S. Belleville, well located in an established residential area, adjacent to single-family homes & apts. It offers dependable in-place income w/ contractual rent growth from established tenants + value-add potential by leasing vacant units & exploring the possibility of an additional retail pad for more revenue. HIGHLIGHTS: Strong Lease Profile 108,509 SF of leasable area is 76% occupied by national & regional tenants w/ avg. tenure of 10+ yrs. WALE is 5.6 yrs. Dominant Trade Area Largest plaza in the region, w/ complementary mix of essential retailers & health svc providers. Giant Tiger (anchor) occupies 25% of plaza, tenant since 2005, recently renewed long-term lease. Rent Growth Potential Contractual rent steps, fixed increases, & higher market rents may lead to strong rent growth over 5 yrs (proj. 20% increase). Limited lease rollover until 2027 ensures cash flow stability. Value-Add Potential Zoning allows wide range of comm. uses. Vacant units can be demised into smaller footprints to drive leasing activity & higher rents. Assumable Debt + Vendor Take-Back 2nd mortgage avail. to increase leverage & investor returns.
Price $1
Taxes: $460,759.84
Tax Type: Annual
Occupancy by: Tenant
Address: 161 Bridge Stre West , Belleville, K8P 1K2, Hastings
Postal Code: K8P 1K2
Province/State: Hastings
Directions/Cross Streets: Bridge Street West and Sidney Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Retail
Building Percentage: T
Total Area: 7.2
Total Area Code:  Acres
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: Yes
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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ROYAL LEPAGE COMMERCIAL WESTHAVEN

161 Bridge Stre West , Belleville, K8P 1K2, Hastings


 
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Type: Com - Investment
Area: Hastings
Municipality: Belleville
Neighbourhood: Dufferin Grove
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Lot Size: x 550.00(Feet)
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Tax: $460,759.84
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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