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Summerside Shopping Centre 1305 Commissioners Rd E 1,303 - 12,027 SF of Retail Space Available in London, ON N6M 0B8
HIGHLIGHTS
- Heavy daytime foot traffic
- Heavy commercialized area
- Ample parking
- Heavy daytime foot traffic area
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 115 | 10,724 SF | 1-10 Years | $11.46 USD/SF/YR $0.96 USD/SF/MO $122,918 USD/YR $10,243 USD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste E3A | 1,303 SF | 1-10 Years | $12.89 USD/SF/YR $1.07 USD/SF/MO $16,802 USD/YR $1,400 USD/MO | Triple Net (NNN) |
1305 Commissioners Rd E - 1st Floor - Ste 115
• This site is located on the South East corner of Commissioners Road East and Highbury Avenue North • Easy access to Hwy 401 & Hwy 402 • Daily traffic counts are 40,000 vehicles per day along Highbury Avenue North and 20,000 along Commissioners Road East • Close proximity to existing residential and future residential developments • Located on a major bus route • New Tenants open at the property now include: Code Ninjas, KNS Martial Arts, FunVilla, Dance London, TIny Hoppers, UpLift Performance Training, Smarts Baseball 360, Dominos Pizza etc.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Access to public transit
- Retail amenities nearby
1319 Commissioners Dr E - 1st Floor - Ste E3A
Daily traffic counts are 40,000 vehicles per day along Highbury Avenue North and 20,000 along Commissioners Road East. This site is located on the South East corner of Commissioners Road East and Highbury Avenue North. Close proximity to existing residential and future residential developments.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- 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 | 12,027 SF | Center Properties | 5 |
| Center Type | Community Center | Gross Leasable Area | 127,220 SF |
| Parking | 710 Spaces | Total Land Area | 30.51 AC |
| Stores | 5 | Year Built | 1990 |
| Total Space Available | 12,027 SF |
| Center Type | Community Center |
| Parking | 710 Spaces |
| Stores | 5 |
| Center Properties | 5 |
| Gross Leasable Area | 127,220 SF |
| Total Land Area | 30.51 AC |
| Year Built | 1990 |
ABOUT THE PROPERTY
Commercial retail property located in London, Ontario.
NEARBY MAJOR RETAILERS
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Summerside Shopping Centre | 1305 Commissioners Rd E
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