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379 Maidstone Av E 1,625 SF of Retail Space Available in Essex, ON N8M 2X1
HIGHLIGHTS
- Anchored by the #1 Ranked Home Hardware Building Centre in Canada.
- Adjacent quick-service restaurants open 24 hours.
- Ideal location to capture commuter traffic in an area positioned for community growth.
- Drive-thru opportunities available on site.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Unit 1 | 1,625 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste Unit 1
301-379 Maidstone Ave W is on the main arterial road, just past the main intersection of the entrance to the town of Essex from Highway 3. It is also located at a signalized intersection with neighboring national retailers. Six pad sites totaling over 48,000 SF of retail space are available to lease in this new retail plaza which will be anchored by Home Hardware Building Centre and shadow-anchored by Mark’s and Canadian Tire. Essex is growing with the addition of residential development that is currently underway directly beside the property, which will bring in 500+ residential units. This new retail hub will provide opportunities for various uses, including quick-service restaurants, full-service restaurants, retail, personal medical uses, and personal services. Highway 3 has recently been widened between Essex and Leamington to support increased traffic, allowing businesses to benefit from serving as the ideal location for success in the community.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
- Drive Thru
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 | 1,625 SF | Gross Leasable Area | 48,609 SF |
| Property Type | Retail | Parking Ratio | 1.03/1,000 SF |
| Property Subtype | Storefront | Construction Status | Proposed |
| Total Space Available | 1,625 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 48,609 SF |
| Parking Ratio | 1.03/1,000 SF |
| Construction Status | Proposed |
FEATURES AND AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
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379 Maidstone Av E
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