For Lease · Retail

395B BELL BOULEVARD W, Belleville (Belleville Ward)

395B BELL BOULEVARD W, Belleville (Belleville Ward), ON K8P5H9

$58 per sq ft / yr

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Asset Class

Retail

Size

—

Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

90%

Lot Size

5.1 ac

About this property

Stand-alone drive-through restaurant opportunity for lease on Belleville's growing Bell Boulevard commercial corridor. Proposed base building shell of approximately 2,200-3,000 sq.ft., ideally suited to any quick-service restaurant operator seeking a purpose-built drive-through location. The offering contemplates a base building shell, with the tenant responsible for its interior fit-up, equipment and branded improvements. The landlord's construction obligations and delivery specifications are subject to review and agreement on the base building design, the tenant's requirements, and any required modifications to the existing site plan incorporating adrive-through. Final building size, layout and delivery timing are subject to agreement andrequired approvals. Positioned directly across from Shorelines Casino and adjacent to the planned Costc odevelopment, the location benefits from Bell Boulevard's established concentration of nationalretailers, quick-service restaurants, hotels and commercial services. Nearby retaildestinations include Home Depot, Best Buy and Quinte Mall. TownePlace Suites by Marriott isacross from the property, with Tru by Hilton under construction directly adjacent, adding tothe corridor's growing hospitality presence.An opportunity for an established brand to capitalize on the area's continued retail andhospitality growth, serving an expanding customer base of local residents, employees, shoppersand visitors.Seeking a long-term lease commitment of 10-15 years, with scheduled rent escalations. Finallease terms, landlord's work and tenant improvements to be negotiated and documented in thelandlord's form of lease.Property taxes shown in the listing represent the full site and are not the tax allocation forthe proposed leased premises. Projected TMI is $9.75 per sq. ft. per annum, excluding utilitiesand HST, subject to confirmation and the terms of the lease. (id:66811)

Financial sandbox

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Estimate
Purchase price$58
Down payment30% · $17
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$3

Annual cash flow

$-1

Cash-on-cash

-3.67%

DSCR

0.80

Going-in cap

4.44%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

55,220

Households

24,457

Median income

$79,000

Median age

41.9

Daytime population

74,109

5-yr growth

2.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 395B BELL BOULEVARD W, Belleville (Belleville Ward).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.