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425 University Ave E 752 SF of 4-Star Retail Space Available in Waterloo, ON N2K 3J4
HIGHLIGHTS
- Prime exposure along a busy corridor, offering strong visibility and consistent foot and vehicle traffic.
- Immediate access to public transit routes along University Avenue, enhancing accessibility for customers and staff.
- A well-established plaza with surrounding residential density, supporting steady customer activity.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 752 SF | Negotiable | $23.11 USD/SF/YR $1.93 USD/SF/MO $17,382 USD/YR $1,449 USD/MO | Triple Net (NNN) |
1st Floor, Ste 1
Prime 752 sq. ft. retail unit in a well-established plaza on University Avenue East in Waterloo with strong visibility and high traffic exposure.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Most recently occupied by a cell phone retailer
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 425 UNIVERSITY AVE E, WATERLOO, ON N2K 3J4
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Dentistry at University Downs
- Health Care and Social Assistance
- 1
- Local
- FRESH CO.
- Supermarket
- 181
- National
- Global Pet Foods
- Pet Shop/Supplies
- 262
- National
- Mediterraneo Family Restaurant
- Restaurant
- 1
- Local
- New Orleans Pizza
- Restaurant
- 9
- Regional
- Rexall
- Drug Store
- 642
- National
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Dentistry at University Downs | Health Care and Social Assistance | 1 | Local |
| FRESH CO. | Supermarket | 181 | National |
| Global Pet Foods | Pet Shop/Supplies | 262 | National |
| Mediterraneo Family Restaurant | Restaurant | 1 | Local |
| New Orleans Pizza | Restaurant | 9 | Regional |
| Rexall | Drug Store | 642 | National |
PROPERTY FACTS
| Total Space Available | 752 SF | Gross Leasable Area | 68,398 SF |
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Storefront | Parking Ratio | 2.19/1,000 SF |
| Total Space Available | 752 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 68,398 SF |
| Year Built | 2000 |
| Parking Ratio | 2.19/1,000 SF |
ABOUT THE PROPERTY
Minutes to Highway 8 and major arterial routes, providing convenient access for local and regional customers. C2-40 zoning permits a range of commercial and service uses. Ample on-site parking and signage opportunities make this a strong option for small-format retail or service users.
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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425 University Ave E
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