FIRM: Centrepoint, Belleville
199 Bell Boulevard, Belleville, ON Belleville , Ontario
FIRM: Centrepoint, Belleville - Retail for sale
- Type: Retail
- Deal type: Sale / Purchase
- Space Available (ft2): 96,987
- Price ($USD): Contact Us
JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Centrepoint Plaza, a newly-updated 96,987 SF plaza located in the heart of a strong and well-established retail node, directly across the street from Quinte Mall. Centrepoint Plaza is close to the region’s best retailers and major entertainment venues - new Shorelines Casino, Galaxy Cinema and Yardmen Arena – home of the new AHL team, the Belleville Senators (farm team of Ottawa Senators).
Significant capital expenditures were invested into the site to fully update the main building and divide it into 8 units, while also constructing two new freestanding pads leased to Popeye’s Chicken and Panera Bread. Centrepoint Plaza also offers the investor the opportunity to add value by constructing three additional pads totaling 8,575 SF.
The Property offers stable and increasing future cash flows, with a long weighted average lease term of 6.91 years. Centrepoint Plaza is currently 95.3% occupied, with 71.3% of occupied space represented by national brands.