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985 Talbot St 3,433 SF of Retail Space Available in St Thomas, ON N5P 1E9
HIGHLIGHTS
- It has been fully renovated within the past three years, including updated heating, electrical, plumbing, washrooms, cooling, and flooring
- The built-in wood-fired pizza oven may be available but is not warranted by the landlord
- The front portion, previously a pizza operation, is ideally set up for restaurant purposes with a hood and kitchen space
- The front section is approximately 2,000 sq. ft. and is fully handicapped accessible with accessible washrooms
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,433 SF | Negotiable | $25.00 CAD/SF/YR $2.08 CAD/SF/MO $85,825 CAD/YR $7,152 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- 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.
PROPERTY FACTS
| Total Space Available | 3,433 SF | Gross Leasable Area | 3,433 SF |
| Property Type | Retail | Year Built | 1992 |
| Property Subtype | Restaurant | Parking Ratio | 16.6/1,000 SF |
| Total Space Available | 3,433 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,433 SF |
| Year Built | 1992 |
| Parking Ratio | 16.6/1,000 SF |
ABOUT THE PROPERTY
This 3,433 sq. ft. building is located in the heart of downtown St. Thomas and has recently been utilized as a pizza operation and convenience store. It has been fully renovated within the past three years, including updated heating, electrical, plumbing, washrooms, cooling, and flooring. The front portion, previously a pizza operation, is ideally set up for restaurant purposes with a hood and kitchen space. The built-in wood-fired pizza oven may be available but is not warranted by the landlord. The equipment shown in the photos will not necessarily be available upon lease. The front section is approximately 2,000 sq. ft. and is fully handicapped accessible with accessible washrooms. The rear portion is open concept and approximately 1,400 sq. ft., bringing the total to 3,433 sq. ft. The space can be leased as one unit or demised into two. Situated in the east end of Talbot Street, just one block from the Walmart Plaza site, neighbouring businesses include McDonald's, KFC, and the LCBO, among many others. Only one block from the busiest traffic corner in the city, this location is ideal for retail use. This is a net lease with base rent of $25.00 per sq. ft. Tenant is responsible for common area expenses including realty taxes (currently $6.65 per sq. ft. or $22,848.92/year), insurance (currently $1.11 per sq. ft. or $3,792.96/year), as well as maintenance, snow removal, landscaping, and grass cutting. Floor plans available upon request.
- Signage
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985 Talbot St
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