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245-249 Bank St 1,572 SF of Retail Space Available in Ottawa, ON K2P 1X2
Highlights
- 200 amp, 230 Volt, 2 Phase power onsite. Water included.
- Forced air heating.
- Basement storage space.
- One (1) basement staff washroom.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 245 | 1,572 SF | 3-10 Years | $24.64 USD/SF/YR $2.05 USD/SF/MO $38,727 USD/YR $3,227 USD/MO | Triple Net (NNN) |
1st Floor, Ste 245
Centrally located retail space just steps from Ottawa's financial and business district. On a main thoroughfare, this Bank Street building is accessible and surrounded by complementary retailers and office spaces. High pedestrian and traffic movement during weekdays, and vibrant shopping locally on weekends. Property has a rear loading access door at ground level, and includes a parking space at the access point. The front entrance also sports street-level access, and signage space is available directly above the door. Tenant pays utilities. Available immediately.
- 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
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 245-249 Bank St, Ottawa, ON K2P 1X2
- Tenant
- Description
- CAN Locations
- Reach
- Afghani Kabob Express
- Restaurant
- 1
- Local
- Bell
- Wireless Communications
- 660
- National
- Cannabis Emporium
- Services
- 1
- Local
- DNS Networks
- Services
- 1
- -
| Tenant | Description | CAN Locations | Reach |
| Afghani Kabob Express | Restaurant | 1 | Local |
| Bell | Wireless Communications | 660 | National |
| Cannabis Emporium | Services | 1 | Local |
| DNS Networks | Services | 1 | - |
Property Facts
| Total Space Available | 1,572 SF | Gross Leasable Area | 17,445 SF |
| Property Type | Retail | Year Built | 1940 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,572 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 17,445 SF |
| Year Built | 1940 |
Features and Amenities
- Bus Line
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
245-249 Bank St
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