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Redwood Square 3189 King George Blvd 963 - 4,644 SF of Retail Space Available in Surrey, BC V4P 1B8
HIGHLIGHTS
- Busy community strip mall near numerous new multi family housing developments
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2 | 1,359 SF | Negotiable | $42.00 CAD/SF/YR $3.50 CAD/SF/MO $57,078 CAD/YR $4,757 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 2/3 | 2,322 SF | Negotiable | $42.00 CAD/SF/YR $3.50 CAD/SF/MO $97,524 CAD/YR $8,127 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 3 | 963 SF | 3-10 Years | $45.00 CAD/SF/YR $3.75 CAD/SF/MO $43,335 CAD/YR $3,611 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 2
Functional renovated retail unit with excellent signage in busy neighbourhood strip mall. Numerous new housing developments within walking distance. Seeking coffee shop, dental, pharmacy, physio, florist, cellular, UPS, pet uses and insurance.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 2,322 SF of adjacent space
1st Floor, Ste 2/3
Small and functional renovated retail unit with excellent signage in busy neighbourhood strip mall. Both units can be combined. Seeking coffee shop, dental, pharmacy, physio, florist, cellular, UPS, pet uses and insurance.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1st Floor, Ste 3
KING GEORGE RETAIL - Right Size & Right Price, Busy Strip Mall on King George Blvd. Ample Parking for Customers. Anchored by Rona, Scotia Bank and Anytime Fitness. Nearby retailers: Cactus Club, Starbuck's, McDonalds, Save-On Foods & HomeSense
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Can be combined with additional space(s) for up to 2,322 SF of adjacent space
- Ample Parking for customers
- Anchored by Rona and Anytime Fitness
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 REDWOOD SQUARE
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Anytime Fitness
- Fitness
- 449
- International
- M&M Food Market
- Supermarket
- 423
- National
- Scotiabank
- Bank
- 1,556
- International
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Anytime Fitness | Fitness | 449 | International |
| M&M Food Market | Supermarket | 423 | National |
| Scotiabank | Bank | 1,556 | International |
PROPERTY FACTS
| Total Space Available | 4,644 SF | Gross Leasable Area | 13,888 SF |
| Max. Contiguous | 2,322 SF | Year Built | 1993 |
| Property Type | Retail |
| Total Space Available | 4,644 SF |
| Max. Contiguous | 2,322 SF |
| Property Type | Retail |
| Gross Leasable Area | 13,888 SF |
| Year Built | 1993 |
ABOUT THE PROPERTY
KING GEORGE RETAIL - Right Size & Right Price, Busy Strip Mall on King George Blvd. Ample Parking for Customers. Anchored by Rona, Scotia Bank and Anytime Fitness. Nearby retailers: Cactus Club, Starbuck's, McDonalds, Save-On Foods & HomeSense
NEARBY MAJOR RETAILERS
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Redwood Square | 3189 King George Blvd
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