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16591 Yonge St 3,500 SF of Retail Space Available in Newmarket, ON L3Y 8C9
Highlights
- Prominent Yonge Street frontage offering excellent signage and exposure.
- Surrounded by established residential neighbourhoods and complementary retail uses.
- Located in a high-traffic, high-density commercial corridor in central Newmarket.
- Strong accessibility with close proximity to Highway 404 and major transit routes.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
3,500 SF freestanding building with drive thru on one of Newmarket's busiest streets. This prime location is surrounded by residential neighbourhoods and a strong mix of national retailers, just minutes from Upper Canada Mall. The site has ample parking and is accessible via public transit. Don't miss this exciting opportunity to establish your business in a thriving and well-connected location.
- Fully Built-Out as a Bank
- Freestanding
- Drive Thru
- Built Out as Bank
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.
Select Tenants at 16591 Yonge St, Newmarket, ON L3Y 8C9
- Tenant
- Description
- CAN Locations
- Reach
- Royal Bank of Canada
- Bank
- 1,635
- International
| Tenant | Description | CAN Locations | Reach |
| Royal Bank of Canada | Bank | 1,635 | International |
Property Facts
| Total Space Available | 3,500 SF | Gross Leasable Area | 3,500 SF |
| Property Type | Retail | Year Built | 1990 |
| Property Subtype | Bank | Parking Ratio | 10/1,000 SF |
| Total Space Available | 3,500 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 3,500 SF |
| Year Built | 1990 |
| Parking Ratio | 10/1,000 SF |
About the Property
Positioned along high-traffic Yonge Street in the heart of Newmarket, 16591 Yonge St offers a well-located commercial opportunity within one of York Region’s most established and rapidly growing corridors. This property benefits from exceptional visibility and frontage on a major arterial route, providing strong exposure to consistent vehicular and pedestrian traffic. Surrounded by a mix of national retailers, service-oriented businesses, and dense residential neighbourhoods, the location supports a wide range of retail, office, or service commercial uses. Convenient access to Highway 404, nearby transit options, and a strong local consumer base further enhance the property’s appeal for both tenants and investors seeking strategic positioning in a thriving market.
- Drive Thru
Nearby Major Retailers
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16591 Yonge St
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