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The Village Centre 1111 Regent St 1,200 SF of Retail Space Available in Fredericton, NB E3B 3Z2
HIGHLIGHTS
- Located between two high schools and adjacent to the regional hospital
- Parking in front and on the side for tenant employees
- Colourful New England cottage design
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 4 | 1,200 SF | 10 Years | $27.00 CAD/SF/YR $2.25 CAD/SF/MO $32,400 CAD/YR $2,700 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 4
The Village Centre is the city of Fredericton' top lunch location with 8 different options including Pizza Pizza, Mary Brown's Chicken, Wayback Burgers, The Great Canadian Bagel, EDO Japan, barBurrito, and Yassu Greek Restaurant. Complimentary tenants being Scotiabank, Pharmacy, First Choice Haircutters, Sassy Nails and M&M Food Market. We are located at the intersection of Regent St and Priestman between two of the provinces largest high schools and immediately prior to Prospect St, the city's principal commercial corridor.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Professional Services Office
- Located in-line with other retail
- Space In Need of Renovation
- Central Air Conditioning
- Private Restrooms
- Closed Circuit Television Monitoring (CCTV)
- Drop Ceilings
- Emergency Lighting
- After Hours HVAC Available
- Wheelchair Accessible
- Great location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT THE VILLAGE CENTRE
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- First Choice Hair
- Salon/Barber/Spa
- 455
- International
- M&M Food Market
- Supermarket
- 423
- National
- Mary Brown's
- Fast-food
- 351
- International
- Pharmasave
- Drug Store
- 1,640
- National
- Pizza Pizza
- Pizza
- 607
- National
- Wayback Burgers
- Fast-food
- 30
- International
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| First Choice Hair | Salon/Barber/Spa | 455 | International |
| M&M Food Market | Supermarket | 423 | National |
| Mary Brown's | Fast-food | 351 | International |
| Pharmasave | Drug Store | 1,640 | National |
| Pizza Pizza | Pizza | 607 | National |
| Wayback Burgers | Fast-food | 30 | International |
PROPERTY FACTS
| Total Space Available | 1,200 SF | Year Built | 1990 |
| Property Type | Retail | Parking Ratio | 4/1,000 SF |
| Gross Leasable Area | 25,000 SF |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Gross Leasable Area | 25,000 SF |
| Year Built | 1990 |
| Parking Ratio | 4/1,000 SF |
ABOUT THE PROPERTY
Between two of the province's largest high schools and adjacent to the regional hospital, while being close to the city's principal commercial shopping corridor the Village Centre is ideally located in the city. It draws customers each lunch hour with half the building dedicated to QSR options and the rest for convenience, including Scotiabank, a Pharmasave, Sassy Nails and First Choice Haircutters.
NEARBY MAJOR RETAILERS
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The Village Centre | 1111 Regent St
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