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125 Clarke Rd 2,500 SF of Retail Space Available in London, ON N5W 5W1
SUBLEASE HIGHLIGHTS
- Access to public transit and highway
- Ample parking
- Heavy commercialized area
- Retail amenities nearby
- High exposure location
- Zoning: Restricted Service Commercial
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 2,500 SF | Negotiable | $13.50 CAD/SF/YR $1.13 CAD/SF/MO $33,750 CAD/YR $2,813 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1
Prime Commercial space available For Sublease - Lease in Southeast London. End cap unit. Located directly on Clarke Road near Charterhouse Crescent. Only One Unit available For Sublease/Lease. Unit 1: approx. 2,500 SF. Closest Unit to the Street. Excellent exposure and accessibility. Front Showroom, with a couple of offices and rear storage/shipping area. One Dock level loading door. Fenced rear yard. Zoning: RSC1, RSC4 - Permits a wide range of uses. Quick access to Highway 401. Gas Furnace and air conditioner unit installed. Unit is separately metered for Gas, Hydro & water. Signband signage available. Very competitive lease rates. Property is professionally owned and managed. Unit has direct exposure and access to Clarke Road.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- 1 Loading Dock
- Central Air Conditioning
- Natural light exposure
- Closest Unit to the Street
- Front Showroom
- Fenced rear yard
- One Dock level loading door
- Unit has direct exposure and access to Clarke Road
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.
PROPERTY FACTS
| Total Space Available | 2,500 SF | Gross Leasable Area | 12,550 SF |
| Property Type | Retail | Year Built | 1995 |
| Property Subtype | Freestanding | Parking Ratio | 4.78/1,000 SF |
| Total Space Available | 2,500 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 12,550 SF |
| Year Built | 1995 |
| Parking Ratio | 4.78/1,000 SF |
ABOUT THE PROPERTY
Commercial retail property located in London, Ontario.
NEARBY MAJOR RETAILERS
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125 Clarke Rd
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