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5043 Centre St 10,000 SF of Retail Space Available in Niagara Falls, ON L2G 3N8
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,000 SF | 1-10 Years | $35.82 USD/SF/YR $2.98 USD/SF/MO $358,187 USD/YR $29,849 USD/MO | Triple Net (NNN) |
1st Floor
Flagship Hospitality Space for Lease in the Heart of Niagara Falls located at 5043 Centre Street. A rare opportunity to lease a premier freestanding hospitality property in the core of Niagara Falls entertainment and tourism district. Strategically located at Centre Street and Victoria Avenue just steps to Clifton Hill and a short walk to the Falls this purpose-built, fully equipped facility offers over 10,000 sq ft across three levels, with a licensed capacity of 616.Designed for high-volume food and beverage service, the space features two large commercial exhaust hoods, walk-in fridge and freezer, extensive prep areas, multiple bars, roll-up garage doors, and full-service kitchens. The highlight is the rooftop patio with direct views of Niagara Falls a truly unforgettable setting for any hospitality concept. Parking is included, and the property is adjacent to a 24-hour public parking lot, offering excellent guest accessibility. A turnkey opportunity for ambitious operators or established brands to make a bold statement in one of Canadas busiest year-round destinations. (id:27)
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Central Air Conditioning
- Private Restrooms
- Wi-Fi Connectivity
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 | 10,000 SF | Gross Leasable Area | 10,000 SF |
| Property Type | Retail | Year Built | 2012 |
| Property Subtype | Storefront | Parking Ratio | 3.5/1,000 SF |
| Total Space Available | 10,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,000 SF |
| Year Built | 2012 |
| Parking Ratio | 3.5/1,000 SF |
NEARBY MAJOR RETAILERS
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5043 Centre St
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