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600 Laurelwood Dr W 1,480 SF of Retail Space Available in Waterloo, ON N2T 2W1
SUBLEASE HIGHLIGHTS
- This grocery anchored shopping centre is located in a high income residential neighbourhood
- 3 km from the University of Waterloo and features 3 schools within the immediate area
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 310 | 1,480 SF | Negotiable | $22.00 CAD/SF/YR $1.83 CAD/SF/MO $32,560 CAD/YR $2,713 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 310
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
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 600 LAURELWOOD DR W, WATERLOO, ON N2T 2W1
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Dollarama
- Dollar/Variety/Thrift
- 2,298
- National
- Food Basics
- Discount Grocer
- 183
- Regional
- Laurelwood Dental Care
- Health Care
- 1
- Local
- Lin's Garden
- Restaurant
- 1
- Local
- Shoppers Drug Mart
- Drug Store
- 1,842
- National
- Twice The Deal Pizza
- Pizza
- 3
- Regional
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Dollarama | Dollar/Variety/Thrift | 2,298 | National |
| Food Basics | Discount Grocer | 183 | Regional |
| Laurelwood Dental Care | Health Care | 1 | Local |
| Lin's Garden | Restaurant | 1 | Local |
| Shoppers Drug Mart | Drug Store | 1,842 | National |
| Twice The Deal Pizza | Pizza | 3 | Regional |
PROPERTY FACTS
| Total Space Available | 1,480 SF | Total Land Area | 5.41 AC |
| Property Type | Retail | Year Built | 2008 |
| Gross Leasable Area | 65,603 SF | Parking Ratio | 2.73/1,000 SF |
| Total Space Available | 1,480 SF |
| Property Type | Retail |
| Gross Leasable Area | 65,603 SF |
| Total Land Area | 5.41 AC |
| Year Built | 2008 |
| Parking Ratio | 2.73/1,000 SF |
ABOUT THE PROPERTY
Inline retail unit available for sub-lease at Laurelwood Commons with term until May 31, 2028, plus options to renew. 1,480 SF of well finished space that is currently occupied by an insurance office. Potential for a direct term with the Landlord conditional upon vacant possession. This grocery anchored shopping centre is located in a high income residential neighbourhood that is 3 km from the University of Waterloo and features 3 schools within the immediate area. Join the excellent mix of tenants including Food Basics, Shoppers Drug Mart, Dollarama, Dairy Queen, Subway, Twice the Deal Pizza, Eggstatic, Kumon, First Choice Haircutters, Creekside Hearing, Laurelwood Dental Care, Kumon, Dapper Man Barbershop, Pet Valu, Barburrito and more.
- Pylon Sign
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600 Laurelwood Dr W
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