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217 King St 810 - 5,610 SF of Retail Space Available in London, ON N6A 1C9
HIGHLIGHTS
- High exposure location
- Retail amenities nearby
- Heavy daytime foot traffic area
- Access to public transit and highway
- Heavy commercialized area
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level, Ste Lower Level | 810 SF | 1-10 Years | $7.31 USD/SF/YR $0.61 USD/SF/MO $5,923 USD/YR $493.59 USD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste Main Floor | 2,400 SF | 1-10 Years | $10.24 USD/SF/YR $0.85 USD/SF/MO $24,570 USD/YR $2,047 USD/MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2nd Floor | 2,400 SF | 1-10 Years | $7.31 USD/SF/YR $0.61 USD/SF/MO $17,550 USD/YR $1,462 USD/MO | Triple Net (NNN) |
Lower Level, Ste Lower Level
Prime Retail / Office / Commercial Building For Lease in downtown London. Located directly on the corner of King St. & Clarence St. Free standing building. Two Storeys plus lower level. Located directly across from City plaza & just down the street from Bud Gardens & Covent Garden Market and several other downtown amenities. Total Building: Approx. 5,610 SF. - Asking: $12.00 PSF Net. Main Floor: Approx. 2,400 SF - Asking: $14.00 PSF Net, 2nd Floor: approx. 2,400 SF - Asking: $10.00 PSF Net & Lower Level: approx. 810 SF. Currently occupied by Hakim Optical. Lots of windows & natural light. Zoning: DA1(6) - permits a wide range of uses: Retail, convenience stores, clinics, medical/dental, commercial recreation, supermarkets, bake shops, offices, place of worship. Building is also For Sale under another MLS Listing.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 5,610 SF of adjacent space
- Central Air Conditioning
- Natural light exposure
- Suited for retail/professional service uses
1st Floor, Ste Main Floor
Prime Retail / Office / Commercial Building For Lease in downtown London. Located directly on the corner of King St. & Clarence St. Free standing building. Two Storeys plus lower level. Located directly across from City plaza & just down the street from Bud Gardens & Covent Garden Market and several other downtown amenities. Total Building: Approx. 5,610 SF. - Asking: $12.00 PSF Net. Main Floor: Approx. 2,400 SF - Asking: $14.00 PSF Net, 2nd Floor: approx. 2,400 SF - Asking: $10.00 PSF Net & Lower Level: approx. 810 SF. Currently occupied by Hakim Optical. Lots of windows & natural light. Zoning: DA1(6) - permits a wide range of uses: Retail, convenience stores, clinics, medical/dental, commercial recreation, supermarkets, bake shops, offices, place of worship. Building is also For Sale under another MLS Listing.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 5,610 SF of adjacent space
- Central Air Conditioning
- Natural light exposure
- Suited for retail/professional service uses
2nd Floor, Ste 2nd Floor
Prime Retail / Office / Commercial Building For Lease in downtown London. Located directly on the corner of King St. & Clarence St. Free standing building. Two Storeys plus lower level. Located directly across from City plaza & just down the street from Bud Gardens & Covent Garden Market and several other downtown amenities. Total Building: Approx. 5,610 SF. - Asking: $12.00 PSF Net. Main Floor: Approx. 2,400 SF - Asking: $14.00 PSF Net, 2nd Floor: approx. 2,400 SF - Asking: $10.00 PSF Net & Lower Level: approx. 810 SF. Currently occupied by Hakim Optical. Lots of windows & natural light. Zoning: DA1(6) - permits a wide range of uses: Retail, convenience stores, clinics, medical/dental, commercial recreation, supermarkets, bake shops, offices, place of worship. Building is also For Sale under another MLS Listing.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 5,610 SF of adjacent space
- Central Air Conditioning
- Natural light exposure
- Suited for retail/professional service uses
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 | 5,610 SF | Gross Leasable Area | 5,610 SF |
| Property Type | Retail | Year Built | 1988 |
| Property Subtype | Storefront |
| Total Space Available | 5,610 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,610 SF |
| Year Built | 1988 |
ABOUT THE PROPERTY
Commercial retail property located in London, Ontario.
- Bus Line
NEARBY MAJOR RETAILERS
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217 King St
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