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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 7 sqft
Price per Sqft $0
MLS Listing ID X12215321
Annual Tax Amount $460,759
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
State ON
County Hastings
Area Hastings
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 600.0
Lot Depth 550.0
Others
Security Features Yes
Listed by ROYAL LEPAGE COMMERCIAL WESTHAVEN
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