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1735 Richmond St 18,000 SF of Retail Space Available in London, ON N5X 3Y2
Sublease Highlights
- Excellent and rare sublease opportunity
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 114 | 18,000 SF | Dec 2031 | $17.41 USD/SF/YR $1.45 USD/SF/MO $313,466 USD/YR $26,122 USD/MO | Triple Net (NNN) |
1st Floor, Ste 114
Excellent and rare sublease opportunity at 1703 Richmond Street, London, comprising 18,000 sf of well-configured end cap retail space. The premises is currently operating as a Goodness Me! grocery store, offering a turnkey layout ideally suited for grocery, specialty retail, or otherlarge-format retail users. This strong corner retail property has great visibility along Richmond Street and is situated within the high-traffic commercial corridor of Masonville, serving the dense residential market supported by nearby Western University and Fanshawe College and medical facilities. The premises feature an efficient open floor plan with existing improvements in place, allowing for a streamlined transition for incoming tenants. The sublease offers a minimum remaining term of 68 months, providing long-term stability and flexibility for growing businesses seeking a strategic London location.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
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 1735 Richmond St, London, ON N5X 3Y2
- Tenant
- Description
- CAN Locations
- Reach
- Best Buy
- Consumer Electronics
- 363
- International
- Expedia Cruise Ship Centers
- Travel Agent
- 153
- International
- Goodness Me!
- Specialty Foods
- 13
- Regional
- Wok Box Fresh Asian Kitchen
- Restaurant
- 73
- National
| Tenant | Description | CAN Locations | Reach |
| Best Buy | Consumer Electronics | 363 | International |
| Expedia Cruise Ship Centers | Travel Agent | 153 | International |
| Goodness Me! | Specialty Foods | 13 | Regional |
| Wok Box Fresh Asian Kitchen | Restaurant | 73 | National |
Property Facts
| Total Space Available | 18,000 SF | Gross Leasable Area | 55,105 SF |
| Property Type | Retail | Year Built | 1996 |
| Total Space Available | 18,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 55,105 SF |
| Year Built | 1996 |
Nearby Major Retailers
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1735 Richmond St
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