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CAONBelleville161 Bridge St W
161 Bridge St W, Home with 0 bedrooms, 0 bathrooms and null parking in Belleville ON | Image 1
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161 Bridge St W, Belleville, ON

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Investment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $460,760
Days Active 1
Approx. Age 
MLS® Number X12215321

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberX12215321
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas Forced Air Open
A/CYes
Heating Fuel

Extras

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