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777 Royal Oak Dr 4,106 SF of Office/Retail Space Available in Victoria, BC V8X 4V1
HIGHLIGHTS
- Positioned in a top-performing retail plaza with direct highway access.
- Enhanced customer experience with outdoor gathering spaces.
- Surrounded by national anchors including Canadian Tire and BC Liquor.
- Immediate availability with strong transit and commuter connectivity.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 120 | 4,106 SF | Negotiable | $55.00 CAD/SF/YR $4.58 CAD/SF/MO $225,830 CAD/YR $18,819 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 120
Located at 120–777 Royal Oak Drive, this 4,106 SF open-concept unit is ideally positioned within a vibrant plaza that draws consistent foot traffic from both local residents and commuters traveling along Patricia Bay Highway.
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
- Fits 11 - 33 People
- Located in-line with other retail
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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 4,106 SF | Gross Leasable Area | 128,000 SF |
| Property Type | Retail | Year Built/Renovated | 1991/2013 |
| Total Space Available | 4,106 SF |
| Property Type | Retail |
| Gross Leasable Area | 128,000 SF |
| Year Built/Renovated | 1991/2013 |
ABOUT THE PROPERTY
Broadmead Village offers a rare opportunity to lease prime retail space in one of Greater Victoria’s most established and high-performing shopping centers. Anchored by top-tier tenants including Thrifty Foods (the highest-grossing location on Vancouver Island), Canadian Tire, and BC Liquor, Broadmead Village delivers a dynamic commercial environment with strong co-tenancy and brand synergy. The plaza’s award-winning design enhances the customer experience with widened sidewalks, a central gathering space, outdoor fireplace, and weather-protected seating areas—features that encourage longer visits and increased tenant exposure. The flexible C-3L zoning supports a wide range of uses including retail, office, financial services, food and beverage, and assembly, making this space ideal for businesses seeking adaptability and visibility. On-site parking, direct highway access, and proximity to major transit routes—including Routes 6, 9, and 39—further elevate the site’s accessibility. Situated in the heart of Saanich’s Royal Oak area, Broadmead Village is just minutes from downtown Victoria, the University of Victoria, and the Victoria International Airport. With a strong community presence and a well-integrated customer base, this location offers unmatched potential for retailers looking to thrive in a high-traffic, amenity-rich environment.
NEARBY MAJOR RETAILERS
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777 Royal Oak Dr
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