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3925 Hastings St 2,179 SF of Retail Space Available in Burnaby, BC V5C 2H8
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,179 SF | Negotiable | $31.00 CAD/SF/YR $2.58 CAD/SF/MO $67,549 CAD/YR $5,629 CAD/MO | Triple Net (NNN) |
1st Floor
Rarely Available Retail Space In Burnaby Heights
- Lease rate does not include utilities, property expenses or building services
- 6 free exclusive surface parking stalls at rear
- 20 City parking stalls across the alley
- Free 1-hour and 2-hour streetfront parking
- Exclusive rear loading
- Air conditioning
- 200 amp, single-phase power
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 | 2,179 SF | Year Built | 1945 |
| Property Type | Retail | Parking Ratio | 4/1,000 SF |
| Gross Leasable Area | 2,250 SF |
| Total Space Available | 2,179 SF |
| Property Type | Retail |
| Gross Leasable Area | 2,250 SF |
| Year Built | 1945 |
| Parking Ratio | 4/1,000 SF |
ABOUT THE PROPERTY
Nestled in this high income, North Burnaby neighborhood, “The Heights” is a thriving retail destination. daily foot traffic is driven by loyal North Burnaby locals and visitors who line up regularly at iconic artisan favourites like Valley Bakery, Fortuna Bakery, Cioffi’s Meats. Renowned restaurants include: Anton’s Pasta Bar, Sopra Sotto, Chad Thai and L’ Artista who each draw diners from across the Lower Mainland with a trade area from Whistler to Hope. This much sought after retail node benefits from a dense residential population, high household incomes, nearby light industrial and office workers, as well as close proximity to luxury car dealerships like Mercedes and Audi. These traffic drivers, as well as a daytime and evening trade area of over 250,000 people within a 5 km radius, all contribute to the retail success of The Heights.
NEARBY MAJOR RETAILERS
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3925 Hastings St
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