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118 King St E 11,377 SF of 4-Star Retail Space Available in Stoney Creek, ON L8G 1L3
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,377 SF | 10-30 Years | $39.98 USD/SF/YR $3.33 USD/SF/MO $454,875 USD/YR $37,906 USD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
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 | 11,377 SF | Gross Leasable Area | 4,427 SF |
| Property Type | Retail | Parking Ratio | 2.2/1,000 SF |
| Property Subtype | Storefront | Construction Status | Proposed |
| Total Space Available | 11,377 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,427 SF |
| Parking Ratio | 2.2/1,000 SF |
| Construction Status | Proposed |
ABOUT THE PROPERTY
The Property is located on the North side of King Street, justwest of Centennial Parkway in Hamilton (Stoney Creek), Ontario. Situated within a mature established residential neighborhood, the Property Is situated at a prominent corner or two major arterial roads (Centennial Parkway & King Street East, from which vehicular traffic can access while traveling in any direction), with an existing high volume Pioneer gas-bar Including a Country Style café & an oil change business on the adjacent parcel. There are many other prominent retail properties in the immediate vicinity, most notably Eastgate Square - a regional mall with more than 90 stores and services, set to undergo a significant redevelopment including 19 residential towers & 91 townhouses for a total of 4,325 new units, estimated to add about 7,600 new residents to the area on the NW corner of Centennial Parkway & Queenston Road (Hwy. 8). Other notable retail properties nearby include the Walmart anchored Smartcentres Stoney Creek, the Foodbasics anchored plaza at Centennial/Barton and the Freshco anchored plaza at Queenston/Nash Road.Nearby retailers include Loblaws, Shoppers Drug Mart, Canadian Tire, Home Depot, Dollarama & many more.The general area is well served by amenities including major commuter routes, public transit, retail services, schools and greenspaces including Battlefield Park National Historic Site, Green Acres Park and Recreation Centre, St. David Catholic Elementary School, Green Acres Elementary School and Glendale Secondary School. The property is a 5-minute drive from either the newly built Confederation GO station QEW interchange, and is also less than 500 meters from St. Joseph’s King Campus hospital, which is underserviced in terms of quick service restaurant options in the immediate vicinity (walking distance) for patients and their visitors.
- Signage
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
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118 King St E
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