260 King Street West
Income-Producing Retail Investment & Future Redevelopment Opportunity
A rare opportunity to acquire a fully leased 22,090 square foot freestanding
retail building situated on approximately 1.18 acres at a prominent downtown
Brockville corner. The property provides dependable passive income through an
Absolute Triple Net lease while preserving long-term flexibility through
contractual redevelopment rights.
Property Overview
Located at the prominent corner of King Street West and Gilmour Street,
this freestanding commercial property offers an attractive combination of
immediate investment income, a highly visible downtown location, and
significant longer-term redevelopment potential. The property is fully
leased to a single tenant under an Absolute Triple Net lease.
260 King Street West, Brockville, Ontario
$3,495,000
Approximately 22,090 sq. ft.
Approximately 1.18 acres
Freestanding retail investment property
Absolute Triple Net
Fully leased to one tenant
Mixed Use Downtown Zone / MD
Property Highlights
High-profile downtown location with frontage and visibility along King
Street West.
Positioned across from a major grocery store and established commercial
activity.
Less than one block from the Brockville Arts Centre and close to downtown
amenities.
Substantial on-site parking supporting the existing retail use and future
possibilities.
Functional retail building incorporating warehouse and mezzanine areas.
Rear loading facilities and multiple access points provide operational
flexibility.
Lease Details
One Tenant. One Lease. One Rent Payment.
The property is leased under an Absolute Triple Net structure. The tenant
is responsible for property taxes, building insurance, utilities, repairs,
HVAC, maintenance, and fire and life-safety systems, providing the landlord
with largely passive income and minimal operating responsibility.
$192,845.70 annually.
Annual rent is scheduled to increase to $198,810 before lease expiry.
The lease includes personal guarantees and a contractual rental floor.
Contractual rent increases support continued income growth.
Fair market renewal provisions are included.
The lease provides a contractual mechanism to recover possession for
qualifying redevelopment purposes upon the required notice.
Redevelopment Potential
What distinguishes this asset is its flexibility. Investors benefit from
immediate cash flow, contractual rent increases, and a personally guaranteed
lease, while retaining meaningful longer-term redevelopment potential.
The existing lease permits recovery of possession for redevelopment,
reconstruction, demolition, or a change of use upon the required notice.
The Mixed Use Downtown zoning permits a broad range of commercial and
community uses, subject to applicable regulations and municipal approvals.
Potential future strategies may include national retail, furniture or home
furnishings, fitness, medical uses, entertainment, commercial recreation,
self-storage conversion, mixed-use development, or residential
intensification. Buyers should independently confirm all proposed uses,
zoning requirements, and development approvals.
- Retail and large-format retail
- Restaurant and grocery uses
- Hotel and accommodation uses
- Professional, medical, and financial services
- Health club and commercial recreation
- Home improvement and home furnishing uses
- Community uses
- Mixed-use or residential intensification, subject to approval
Why Brockville?
Brockville is an established regional centre positioned along the St.
Lawrence River and Highway 401 corridor. Its strategic location between
Toronto and Montreal, together with proximity to Ottawa, provides strong
regional connectivity and access to commuter, tourism, employment, and
commercial markets.
- Located along Ontario’s Highway 401 corridor
- Strategically positioned between Toronto and Montreal
- Approximately one hour from Ottawa
- Established downtown commercial and cultural district
- Regional service centre for surrounding communities
- Strong access to the St. Lawrence River and tourism activity
Property Resources
Property Photos
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Exterior, Aerial & Property Photos
Request Additional Information
For financial information, lease details, property documentation, or to
arrange a viewing, please contact:
Patrick Hulley
Broker of Record / Co-Owner
Cell:
613.541.9821
Email:
patrickhulley@gmail.com
Web:
hulleycollective.ca
Terms, pricing, lease information, property details, and availability are
subject to change without notice. Zoning and permitted uses should be
independently verified with the applicable municipality. Images may include
representations of the existing tenant’s occupied premises. E. & O.E.