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50 Sportsworld Dr 1,363 - 18,316 SF of 4-Star Retail Space Available in Kitchener, ON N2P 2J1
HIGHLIGHTS
- Class A office space and prime retail space built in 2009
- exceptional location with the expressway, HWY 401 and main arterial road access
- High-profile retail space fronting onto king st
- High visibility signage is available
- Flexible configurations
- adjacent to kitchener's highest-income residential neighborhood, Deer Ridge
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste E1-01B | 1,363 SF | Negotiable | $20.27 USD/SF/YR $1.69 USD/SF/MO $27,624 USD/YR $2,302 USD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste E1-09 | 14,946 SF | Negotiable | $13.75 USD/SF/YR $1.15 USD/SF/MO $205,547 USD/YR $17,129 USD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste G11 | 2,007 SF | Negotiable | $18.82 USD/SF/YR $1.57 USD/SF/MO $37,771 USD/YR $3,148 USD/MO | Triple Net (NNN) |
1st Floor, Ste E1-01B
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
1st Floor, Ste E1-09
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
1st Floor, Ste G11
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
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 50 SPORTSWORLD DR, KITCHENER, ON N2P 2J1
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- AECOM
- Other Services
- 34
- International
- Freedom 55 Financial
- Insurance
- 62
- International
- Grand River Hospital Covid Care Clinic
- -
- 1
- -
- Pro Hockey Life
- Sporting Goods
- 25
- National
- United Way Wateroo Region
- Other Services
- 13
- International
- Urban Planet
- Unisex Apparel
- 119
- International
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| AECOM | Other Services | 34 | International |
| Freedom 55 Financial | Insurance | 62 | International |
| Grand River Hospital Covid Care Clinic | - | 1 | - |
| Pro Hockey Life | Sporting Goods | 25 | National |
| United Way Wateroo Region | Other Services | 13 | International |
| Urban Planet | Unisex Apparel | 119 | International |
PROPERTY FACTS
| Total Space Available | 18,316 SF | Gross Leasable Area | 187,142 SF |
| Property Type | Retail | Year Built | 2008 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 1.6/1,000 SF |
| Total Space Available | 18,316 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 187,142 SF |
| Year Built | 2008 |
| Parking Ratio | 1.6/1,000 SF |
ABOUT THE PROPERTY
Class A office space and prime retail space built in 2009. High visibility signage is available. Firms in the node include AECOM, TD, Great West Life. Retail in the node includes The Brick, La-Z-Boy, Nike Factory Store, and Costco. Exceptional location with the expressway, HWY 401, and main arterial road (King Street East) access. Flexible Configurations. This property is central to Kitchener, Waterloo, Cambridge, and Guelph, and is ideal for destination retail tenants, as well as retailers catering to the high-end residential area and the employers in the area. High profile retail space fronting onto King Street, with great traffic counts and visibility. Adjacent to Kitchener’s highest income residential neighbourhood, Deer Ridge.
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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50 Sportsworld Dr
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