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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$3,495,000
Available - For Sale
Listing ID: X13577812
This offering presents an opportunity to acquire a downtown Brockville retail investment on King Street West, comprising approximately 21,000 sq. ft. of main floor retail space together with approximately 11,000 sq. ft. of second-floor mezzanine area. The property is fully leased to a single tenant under a net, carefree lease extending to April 2028. Based on the 2028 rental rate, the current asking price reflects an approximate 5.68% market capitalization rate. The tenant has successfully operated from this location for approximately five years and holds one (1) additional five (5) year renewal option at fair market rent, exercisable with a minimum of six (6) months' prior written notice. The lease also includes a valuable redevelopment clause, permitting the Landlord to terminate the tenancy upon 120 days' written notice to recapture vacant possession for reconstruction, redevelopment, demolition, or a change of use. This provides investors with stable in-place income while preserving a contractual pathway to future redevelopment and highest-and-best-use opportunities. The sprinklered building features ceiling heights of approximately 20 feet on the western portion of the main floor, with approximately 10-foot clearance beneath the mezzanine. The property is improved with a commercial building originally constructed in 1972 as a Canadian Tire store. It was expanded in 1991 and converted to furniture retail use in 1999. The current tenant operates one of a three-store thrift and consignment retail chain. Strategically located in Brockville's downtown core, the property is situated adjacent to Metro Grocery and Circle K, occupying a prominent corner location at King Street West and Gilmour Street, less than one block from the Brockville Arts Centre. The location benefits from excellent exposure, strong pedestrian activity, and convenient access to the surrounding commercial district. Serving a regional population extending well beyond its municipal boundaries
Price $3,495,000
Taxes: $5,961.52
Tax Type: Annual
Occupancy by: Tenant
Address: 260 King Street West , Brockville, K6V 3S1, Leeds and Grenvi
Postal Code: K6V 3S1
Province/State: Leeds and Grenvi
Legal Description: LT 24, 29 BLK 44 PL 67; PT KING ST PL 67
Lot Size: 221.89 x 200 (Feet)
Directions/Cross Streets: King and Gilmour
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Use
Use: Other
Building Percentage: T
Total Area: 21,000
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: Yes
Rail: N
Clear Height Feet: 15
Truck Level Shipping Doors #: 2
  Height Feet: 8
  Width Feet: 8
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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260 King Street West , Brockville, K6V 3S1, Leeds and Grenvi

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Stan Khurana
Sales Representative
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6473836000
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Type: Com - Commercial Retail
Area: Leeds and Grenville
Municipality: Brockville
Neighbourhood: 810 - Brockville
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Lot Size: 221.89 x 200.00(Feet)
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Tax: $5,961.52
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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