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RAVINE PARK PLAZA 261-301 Port Union Rd 5,180 SF of Retail Space Available in Toronto, ON M1C 2L3
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 275 | 5,180 SF | Negotiable | $10.00 CAD/SF/YR $0.83 CAD/SF/MO $51,800 CAD/YR $4,317 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 275
Rare Opportunity to Join our strong Mix of Tenants including Metro, Shoppers Drug Mart and TD Bank. Great Lower Lower space perfect for Fitness, Healthcare and Wellness. Located in the heart of Scarborough, Ravine Park Plaza offers a unique opportunity to establish a Thriving Business in a Bustling community. 5180 square feet perfectly suited for a Karate Studio, Pilates, Yoga, or any other landlord approved use. Direct, ground level walkout access from rear parking lot allows access to the premises with no stairs. East access to Highway 401 and major transit routes with lots of parking. This prime location provides considerable Foot Traffic Great for Businesses looking to Attract Customers from our Great Anchors (40806274)
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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 RAVINE PARK PLAZA
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Harvest Call Ministries
- Insurance
- 1
- Local
- Metro, Inc.
- Supermarket
- 433
- Regional
- New Image Nails & Spa
- Services
- 1
- Local
- Ravine Auto Repair Centre
- Services
- 1
- Local
- Shoppers Drug Mart
- Drug Store
- 1,842
- National
- Thai Square
- Restaurant
- 1
- Local
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Harvest Call Ministries | Insurance | 1 | Local |
| Metro, Inc. | Supermarket | 433 | Regional |
| New Image Nails & Spa | Services | 1 | Local |
| Ravine Auto Repair Centre | Services | 1 | Local |
| Shoppers Drug Mart | Drug Store | 1,842 | National |
| Thai Square | Restaurant | 1 | Local |
PROPERTY FACTS
| Total Space Available | 5,180 SF | Gross Leasable Area | 47,423 SF |
| Property Type | Retail | Year Built | 1978 |
| Property Subtype | Storefront | Parking Ratio | 2.53/1,000 SF |
| Total Space Available | 5,180 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 47,423 SF |
| Year Built | 1978 |
| Parking Ratio | 2.53/1,000 SF |
ABOUT THE PROPERTY
Rare Opportunity to Join our strong Mix of Tenants including Metro, Shoppers Drug Mart and TD Bank. Great Lower Lower space perfect for Fitness, Healthcare and Wellness. Located in the heart of Scarborough, Ravine Park Plaza offers a unique opportunity to establish a Thriving Business in a Bustling community. 5180 square feet perfectly suited for a Karate Studio, Pilates, Yoga, or any other landlord approved use. Direct, ground level walkout access from rear parking lot allows access to the premises with no stairs. East access to Highway 401 and major transit routes with lots of parking. This prime location provides considerable Foot Traffic Great for Businesses looking to Attract Customers from our Great Anchors. There is dedicated and covered parking at the back.
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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RAVINE PARK PLAZA | 261-301 Port Union Rd
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