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Milton Mall 55-65 Ontario St S 90 - 3,001 SF of Retail Space Available in Milton, ON L9T 2M3
HIGHLIGHTS
- Anchored by Rona+, Shoppers Drug Mart, Winners, Dollarama, Fit4Less who drive both regional and local traffic to the centre.
- The population is projected to grow by additional 32% in the next 10 years.
- This strong roster of national tenants account for 60% of the gross leasable area.
- The Centre has ample parking and is in close proximity to local and regional transit.
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste D11 | 1,205 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste K6 | 90 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor, Ste 21 | 892 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor, Ste 25 | 814 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
55 Ontario St S - 1st Floor - Ste D11
55 Ontario St S - 1st Floor - Ste K6
55 Ontario St S - 2nd Floor - Ste 21
55 Ontario St S - 2nd Floor - Ste 25
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 MILTON MALL
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Ardene
- Ladies' Apparel
- 210
- International
- BMO Bank of Montreal
- Bank
- 1,595
- International
- Fit4Less
- Fitness
- 115
- National
- freshii
- Restaurant
- 309
- International
- RBC Royal Bank
- Bank
- 2,201
- International
- The Slime Lab
- Other Retail
- 1
- Local
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Ardene | Ladies' Apparel | 210 | International |
| BMO Bank of Montreal | Bank | 1,595 | International |
| Fit4Less | Fitness | 115 | National |
| freshii | Restaurant | 309 | International |
| RBC Royal Bank | Bank | 2,201 | International |
| The Slime Lab | Other Retail | 1 | Local |
PROPERTY FACTS
| Total Space Available | 3,001 SF | Frontage | |
| Center Type | Community Center | Gross Leasable Area | 368,993 SF |
| Parking | 590 Spaces | Total Land Area | 33.63 AC |
| Center Properties | 3 | Year Built | 1975 |
| Total Space Available | 3,001 SF |
| Center Type | Community Center |
| Parking | 590 Spaces |
| Center Properties | 3 |
| Frontage | |
| Gross Leasable Area | 368,993 SF |
| Total Land Area | 33.63 AC |
| Year Built | 1975 |
ABOUT THE PROPERTY
Milton Mall is the main enclosed Shopping Centre in Milton, Ontario at the intersection of two arterial roads, Main Street and Ontario Street. The Centre is in close proximity to the city’s downtown and has been servicing the Milton community for over 50 years. Milton Mall and its 300,000 sf of gross leasable area is well positioned to capitalize on the needs of this growing community due to its proximity to Milton Go Transit and Highway 401 as well as the existing and new residential density. There are currently 12 active developments within a 5 km radius which will add 1,800 residential units over the next several years. The property benefits from a strong central trade area which has a median income 23% greater than the national average.
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Milton Mall | 55-65 Ontario St S
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