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11 Ottawa St N 2,805 SF of Retail Space Available in Kitchener, ON N2H 3K1
HIGHLIGHTS
- High-traffic major artery
- Surrounded by well-established residential neighborhoods
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,805 SF | Negotiable | $12.22 USD/SF/YR $1.02 USD/SF/MO $34,275 USD/YR $2,856 USD/MO | Triple Net (NNN) |
1st Floor
Only 2,900 sq ft of retail space remaining! This prime commercial leasing opportunity offers exceptional visibility along a high-traffic major artery, making it an ideal location for businesses seeking maximum exposure. With Multi-Use Zoning, the space accommodates a variety of commercial applications, including retail, healthcare, and office space, among others. The property boasts excellent accessibility, with convenient connections to the LRT line, Highway 401, and the Expressway, ensuring ease of access for both customers and employees. Additionally, ample onsite parking enhances convenience for tenants and visitors alike. Located just outside the downtown core, the site is surrounded by well-established residential neighborhoods and is within walking distance of three major redevelopment projects, which are expected to introduce 2,583 new residential units to the area. This rapidly growing community presents an excellent opportunity for businesses looking to establish themselves in a thriving hub. Contact for leasing details or to schedule a private tour.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Central Air Conditioning
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 | 2,805 SF | Gross Leasable Area | 20,474 SF |
| Property Type | Retail | Year Built | 1958 |
| Property Subtype | Freestanding | Parking Ratio | 1.66/1,000 SF |
| Total Space Available | 2,805 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 20,474 SF |
| Year Built | 1958 |
| Parking Ratio | 1.66/1,000 SF |
NEARBY MAJOR RETAILERS
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11 Ottawa St N
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