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Riverside Heights Shopping Centre 14815 108 Ave 920 SF of Retail Space Available in Surrey, BC V3R 1W2
Highlights
- Grocery-anchored shopping centre
- Pad expansion potential
- High walk and bike scores
- Four road frontages
- Strong income upside potential
- Future Surrey-Langley SkyTrain nearby
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 | 920 SF | 1-10 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 1
Close proximity to Highway 1 Easy and convenient access and ample on-site parking Dominant food anchored centre in North Surrey
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Close proximity to Highway 1
- ample on-site parking
- food anchored centre
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 Riverside Heights Shopping Centre
- Tenant
- Description
- CAN Locations
- Reach
- Buy-Low Foods
- Discount Grocer
- 19
- National
- Fabricland
- Other Retail
- 102
- National
- McFrugals
- Discount Store
- 2
- Regional
- Riverside Insurance Agencies
- Insurance
- 1
- Local
- Shoppers Drug Mart
- Drug Store
- 1,838
- National
- Wascomat Coin Laundry
- Laundry
- 1
- Local
| Tenant | Description | CAN Locations | Reach |
| Buy-Low Foods | Discount Grocer | 19 | National |
| Fabricland | Other Retail | 102 | National |
| McFrugals | Discount Store | 2 | Regional |
| Riverside Insurance Agencies | Insurance | 1 | Local |
| Shoppers Drug Mart | Drug Store | 1,838 | National |
| Wascomat Coin Laundry | Laundry | 1 | Local |
Property Facts
| Total Space Available | 920 SF | Total Land Area | 6.90 AC |
| Property Type | Retail | Year Built/Renovated | 1961/1998 |
| Gross Leasable Area | 102,510 SF | Parking Ratio | 3.02/1,000 SF |
| Total Space Available | 920 SF |
| Property Type | Retail |
| Gross Leasable Area | 102,510 SF |
| Total Land Area | 6.90 AC |
| Year Built/Renovated | 1961/1998 |
| Parking Ratio | 3.02/1,000 SF |
About the Property
Located in the heart of Surrey’s Guildford neighborhood, 14815 108 Avenue is home to Riverside Heights Shopping Centre, a fully leased, grocery-anchored retail complex spanning approximately 102,529 square feet. The property sits on a 6.90-acre parcel with four road frontages, offering exceptional visibility and access. Designated within the Guildford Neighbourhood Concept Plan, the site presents strong redevelopment potential with flexible options for residential concrete or wood-frame construction. Tenanted by a mix of 18 national and regional retailers, the centre benefits from stable income and significant upside, as current rents are over 50 percent below market. The building, originally constructed in 1961 and renovated in 1998, is zoned C-8 Community Commercial and features 75 surface parking spaces. Its central location provides direct access to Highway 1 via 108 Avenue and proximity to Guildford Town Centre, Surrey City Centre, and the future Surrey-Langley SkyTrain extension. With phenomenal views of the North Shore mountains and the Fraser River, the site offers multiple value-add strategies including phased redevelopment and pad expansion opportunities.
- 24 Hour Access
- Bus Line
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
Nearby Major Retailers
Presented by
Riverside Heights Shopping Centre | 14815 108 Ave
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