Your email has been sent.
424 S Service Rd W 2,550 SF of Retail Space Available in Grimsby, ON L3M 4E8
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,550 SF | 1-10 Years | $360.00 CAD/SF/YR $30.00 CAD/SF/MO $918,000 CAD/YR $76,500 CAD/MO | Triple Net (NNN) |
1st Floor
Rare leasing opportunity at Niagara Gateway Tourist Information Centre & Major Highway Rest Stop/Service Station, which is conveniently located at QEW/Casablanca Blvd (Hwy 10) in Grimsby with over 85,000 vehicles passing per day (one of the busiest highways in Canada!) with over 6 million visitors per year passing through the centre. Join best in class brands including Tim Hortons, Wendy's, KFC/Taco Bell, Mr. Sub, Manchu Wok, New York Fries, Dairy Queen, Pizza Pizza & more. This former restaurant space is 2,550 SF + patio (with potential to expand or demise if necessary) with average net rent starting at $30 PSF minimum rent per square foot per year (with escalations expected throughout the term) + approximately $20 PSF in additional rent = $10,625 + HST monthly rent in first year. Note existing exclusive uses in place as shown. 10 year lease preferred, although Landlord will require a right to redevelop the property anytime as of the 5th year of the term, in which case they may elect to terminate the lease on 6 months advance written notice (with no repayment of unamortized tenant improvement expenses). In close proximity to Real Canadian Superstore, RONA, Fit4Less, A&W, Starbucks, car dealerships & more. Lockbox installed for authorized access to view premises after approved by listing brokerage in writing in advance.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Security System
- Closed Circuit Television Monitoring (CCTV)
- High Ceilings
- Common Parts WC Facilities
- Professional Lease
- Smoke Detector
- Access to Highway
- High Exposure Location
- Ample Parking
- Professional Lease
- Patio
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 424 S SERVICE RD W, GRIMSBY, ON L3M 4E8
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Gateway Newstands
- Convenience Market
- 84
- International
- Manchu Wok
- Fast-food
- 75
- International
- Mr. Sub
- Sub Sandwich
- 326
- National
- Petro-Canada
- Gasoline Station
- 2,937
- National
- Pizza Pizza
- Pizza
- 607
- National
- Tim Hortons
- Coffee
- 5,768
- International
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Gateway Newstands | Convenience Market | 84 | International |
| Manchu Wok | Fast-food | 75 | International |
| Mr. Sub | Sub Sandwich | 326 | National |
| Petro-Canada | Gasoline Station | 2,937 | National |
| Pizza Pizza | Pizza | 607 | National |
| Tim Hortons | Coffee | 5,768 | International |
PROPERTY FACTS
| Total Space Available | 2,550 SF | Gross Leasable Area | 20,767 SF |
| Property Type | Retail | Year Built | 2001 |
| Property Subtype | Storefront | Parking Ratio | 8.33/1,000 SF |
| Total Space Available | 2,550 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 20,767 SF |
| Year Built | 2001 |
| Parking Ratio | 8.33/1,000 SF |
NEARBY MAJOR RETAILERS
Presented by
424 S Service Rd W
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.