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Sydenham Square 2275 16th St E 1,200 - 20,000 SF of 4-Star Retail Space Available in Owen Sound, ON N4K 5N3
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-20,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
• The property is shadow anchored to the west side by the Heritage Grove Centre with tenants such as Sobeys[Freshco], PetSmart, Winners/HomeSense, Dollar Tree, Michael’s, Princess Auto, Value Village, and Mark’s Work Wearhouse [late 2026/early 2027]. • Zoned: C2 (Retail Commercial) for Retail Stores, Grocery Store, Convenience Stores, Financial Institutions, Hotels, Personal Service, Restaurants, Restaurants Drive-Thru, Veterinarian Clinics and more! • Leasable units’ range in size from ~ 1,200 sf to 20,000 SF with drive-thru opportunities; • Possession is estimated to be late Q1-2027. • Residential growth of ~2,000 homes just south and west of property is planned to commence construction in early 2026. • Owen Sound is growing with Bruce Power’s forty-year life extension program and the, ~ 190,000 patient/visitors to the Owen Sound Hospital. • Parking: 163 spaces. • Traffic Count (AADT): 11,063 vehicles • New High School abutting the property to open 2028
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- RESTAURANT DRIVE-THRU: $55.00 PSF
- RESTAURANT SIT DOWN: $50.00 PSF
- NON-FOOD/COMMERCIAL USES: $45.00 PSF
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 | 20,000 SF | Gross Leasable Area | 40,182 SF |
| Min. Divisible | 1,200 SF | Construction Status | Proposed |
| Property Type | Retail |
| Total Space Available | 20,000 SF |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Gross Leasable Area | 40,182 SF |
| Construction Status | Proposed |
Nearby Major Retailers
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Sydenham Square | 2275 16th St E
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