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575 Richmond St 1,105 SF of Retail Space Available in London, ON N6A 3G2
Sublease Highlights
- Located on Richmond Row among restaurants, shops, and offices.
- BDC(1) zoning permits a broad range of commercial uses.
- Renovated storefront with modern interior finishes.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,105 SF | Jan 2028 | $23.00 CAD/SF/YR $1.92 CAD/SF/MO $25,415 CAD/YR $2,118 CAD/MO | Triple Net (NNN) |
1st Floor
Prime retail opportunity in the heart of Downtown London's vibrant Richmond Row district. This beautifully renovated 1,105 SF storefront at 575 Richmond St offers exceptional street presence, modern finishes, large display windows, high ceilings, and strong pedestrian exposure surrounded by restaurants, boutiques, bars, offices, and high-density residential towers. The space features an open concept retail layout with additional storage area in the rear/lower level, making it ideal for a wide range of business uses under BDC(1) zoning including retail boutiques, clothing stores, jewelry stores, salons, aesthetics/beauty uses, wellness services, studios, cafés, offices, specialty food shops, personal service establishments, creative agencies, and more. Located in one of London's busiest urban corridors with constant foot traffic from students, professionals, and downtown residents. Turnkey opportunity for businesses looking to establish themselves in a highly sought-after downtown location. Offering a lease assignment until 2028 for $23 net + $14.16 additional rents ($3,421.82 monthly) plus HST and utilities. Opportunity to sign a longer term lease if preferred.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Display Window
- Open-concept retail layout.
- Located in a busy corridor.
- Strong exposure.
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 575 Richmond St, London, ON N6A 3G2
- Tenant
- Description
- CAN Locations
- Reach
- At Lohsa Native Family Healing
- Health Care
- 1
- -
- Wok Box Fresh Asian Kitchen
- Restaurant
- 74
- National
| Tenant | Description | CAN Locations | Reach |
| At Lohsa Native Family Healing | Health Care | 1 | - |
| Wok Box Fresh Asian Kitchen | Restaurant | 74 | National |
Property Facts
| Total Space Available | 1,105 SF | Gross Leasable Area | 15,500 SF |
| Property Type | Retail | Year Built | 1990 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 1,105 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 15,500 SF |
| Year Built | 1990 |
About the Property
575 Richmond Street is a multi-tenant commercial property located in Downtown London on Richmond Row. Unit 1 is a retail space with an open floor plan, large storefront windows, high ceilings, rear storage area, municipal services, forced-air natural gas heating, and air conditioning. The property is zoned BDC(1) and is situated near public transit, restaurants, offices, and residential development.
- Signage
- Air Conditioning
Nearby Major Retailers
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575 Richmond St
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