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HIGHLIGHTS
- heavy day time traffic
- high visibility
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,000 SF | Negotiable | $25.13 CAD/SF/YR $2.09 CAD/SF/MO $276,392 CAD/YR $23,033 CAD/MO | Triple Net (NNN) |
1st Floor
Month-to-Month or Short-Term Lease Available Immediately $1.50 PSF – Short-Term Lease $2.50 PSF – Long-Term Lease The owner has future development plans for this property. For him to consider pausing those plans, a long-term lease must make strong financial sense—hence the adjusted rate for a longer commitment.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Central Air Conditioning
- High traffic
- High visibility
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 ACE HARDWARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- S M Hoyt Lumber Co Home Center
- Hardware
- 4,594
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| S M Hoyt Lumber Co Home Center | Hardware | 4,594 | International |
PROPERTY FACTS
| Total Space Available | 11,000 SF | Gross Leasable Area | 11,440 SF |
| Property Type | Retail | Year Built | 2015 |
| Property Subtype | Freestanding | Parking Ratio | 4.98/1,000 SF |
| Total Space Available | 11,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 11,440 SF |
| Year Built | 2015 |
| Parking Ratio | 4.98/1,000 SF |
ABOUT THE PROPERTY
Former ACE Hardware - FOR LEASE & FOR SALE! Main Structure (ground level) - 11,440 SF Loft (second level) - 638 SF The property is still available both for lease and for sale. The owner does prefer short-term leases due to upcoming development plans for the site. However, if the right tenant comes along and is interested in long-term lease, the owner is open to considering that option at a different asking price.
- 24 Hour Access
- Corner Lot
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Ace Hardware | 7110 Archibald Ave
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