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Thames-Lea Plaza 575 Grand Av W 3,665 SF of Retail Space Available in Chatham, ON N7L 1C5
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 525 | 3,665 SF | 5-10 Years | $45.00 CAD/SF/YR $3.75 CAD/SF/MO $164,925 CAD/YR $13,744 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 525
Secure a prime retail position with this 3,665 SF Freestanding PAD with Drive-Thru in the prominent Thames-Lea plaza, with access to one of Chatham's most active and high-traffic retail corridors. Anchored by Canadian Tire and alongside national retailers like Sport Chek, Giant Tiger, and Dollarama, this location is a proven destination for shoppers. Its central position on a busy stretch of Grand Ave West, combined with ample parking and a surrounding residential base, makes it a top-tier location to establish or expand your business.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
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 THAMES-LEA PLAZA
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Canadian Tire
- Dept Store
- 440
- National
- Dollarama
- Dollar/Variety/Thrift
- 2,298
- National
- Giant Tiger
- Discount Store
- 328
- National
- Penningtons
- Ladies' Apparel
- 97
- National
- Reitmans
- Ladies' Apparel
- 318
- National
- Sport Chek
- Sporting Goods
- 8
- National
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Canadian Tire | Dept Store | 440 | National |
| Dollarama | Dollar/Variety/Thrift | 2,298 | National |
| Giant Tiger | Discount Store | 328 | National |
| Penningtons | Ladies' Apparel | 97 | National |
| Reitmans | Ladies' Apparel | 318 | National |
| Sport Chek | Sporting Goods | 8 | National |
PROPERTY FACTS
| Total Space Available | 3,665 SF | Total Land Area | 6.49 AC |
| Property Type | Retail | Year Built | 1969 |
| Gross Leasable Area | 82,861 SF |
| Total Space Available | 3,665 SF |
| Property Type | Retail |
| Gross Leasable Area | 82,861 SF |
| Total Land Area | 6.49 AC |
| Year Built | 1969 |
NEARBY MAJOR RETAILERS
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Thames-Lea Plaza | 575 Grand Av W
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