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555 Wellington Rd S 3,800 SF of Retail Space Available in London, ON N6C 4R3
HIGHLIGHTS
- Great retail end cap located on Wellington Road South in London
- Unit #1 offers 3,800 sf of built out retail space with a drive in door
- The building boasts great curb appeal and is visible to over 43,000 cars a day
- 555 Wellington Road is moments away from downtown London and Highways 401 and 403
- Flexible zoning allows for a wide variety of mixed commercial uses
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 1 | 3,800 SF | 16’ | Negotiable | $20.00 CAD/SF/YR $1.67 CAD/SF/MO $76,000 CAD/YR $6,333 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1
Wellington Road commercial/retail plaza is located within the vicinity of Victoria Hospital and St. Joseph Healthcare Institute and is conveniently close to Hwy 401. This particular area experiences a high volume of traffic, and provides excellent exposure for you and your customers. Have your business situated amongst other high profile Tenants such as Fairstone Financial, Medigas, Papa Johns Pizza and Yurek Home Healthcare. You will find plenty of parking, which will sufficiently meet the needs of your customers and your employees.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Finished Ceilings: 16’
- Popular Tenants in Shopping Center
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 555 WELLINGTON RD S, LONDON, ON N6C 4R3
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Amazing Hobbies Inc
- Retailer
- 1
- -
- Color Co Decorating Ctr
- Garden/Patio/Pool
- 1
- -
- Fairstone Financial Inc
- Finance Company
- 178
- National
- Medigas
- Health Care
- 32
- National
- Papa Johns
- Pizza
- 284
- International
- The Genius Cut Barbershop
- Retailer
- 1
- -
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Amazing Hobbies Inc | Retailer | 1 | - |
| Color Co Decorating Ctr | Garden/Patio/Pool | 1 | - |
| Fairstone Financial Inc | Finance Company | 178 | National |
| Medigas | Health Care | 32 | National |
| Papa Johns | Pizza | 284 | International |
| The Genius Cut Barbershop | Retailer | 1 | - |
PROPERTY FACTS
| Total Space Available | 3,800 SF | Gross Leasable Area | 20,972 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront |
| Total Space Available | 3,800 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 20,972 SF |
| Year Built | 1980 |
ABOUT THE PROPERTY
Great retail end cap. Location located on Wellington Road South in London, ON. 555 Wellington Road is moments away from downtown London and both major Highways 401 & 403. Unit #1 offers 3,800 sf of built out retail space with a partial truck level door. Flexible zoning allows for a wide variety of mixed commercial uses and is ideally suitable for office and retail. The building boasts great curb appeal and is visible to over 43,000 cars a day
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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555 Wellington Rd S
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