$1
Available - For Sale
Listing ID: X12215321
161 Bridge Stre West , Belleville, K8P 1K2, Hastings
| 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: | $460759.84 |
| Tax Type: | Annual |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 7.20 |
| Total Area Code: | Acres |
| Retail Area Code: | Sq Ft |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| ROYAL LEPAGE COMMERCIAL WESTHAVEN |
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|
RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Belleville |
| Neighbourhood: | Dufferin Grove |
| Tax: | $460,759.84 |
| Fireplace: | N |
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