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5070 Kingsway 4,629 SF of Retail Space Available in Burnaby, BC
Sublease Highlights
- Prominent Kingsway frontage with multiple signage opportunities.
- Situated within Burnaby's established Metrotown district.
- Features substantial glazing and abundant natural light.
- Located steps from Metrotown SkyTrain Station.
- Former presentation centre with an efficient open layout.
- Includes seven reserved parking stalls.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5070 | 4,629 SF | Aug 2028 | $33.90 USD/SF/YR $2.83 USD/SF/MO $156,938 USD/YR $13,078 USD/MO | Triple Net (NNN) |
1st Floor, Ste 5070
5070 Kingsway presents a retail sublease opportunity in the heart of Burnaby's Metrotown district, one of Metro Vancouver's most active commercial and transit-oriented urban centres. Positioned along Kingsway near Royal Oak Avenue, the property benefits from prominent frontage, multiple signage opportunities, and exposure along a major arterial corridor that serves approximately 33,000 vehicles per day. Its location places businesses within walking distance of Metrotown SkyTrain Station, providing convenient regional connectivity for customers and employees throughout Metro Vancouver. The premises were previously utilized as a condominium presentation centre and feature an efficient open layout designed to accommodate a variety of retail, showroom, service-commercial, or customer-facing uses. The space includes substantial glazing that enhances visibility and natural light, a finished reception area, and seven reserved parking stalls. The surrounding area is anchored by Metropolis at Metrotown, British Columbia's largest shopping centre, which attracts approximately 23 million annual visitors and supports a diverse mix of national retailers, restaurants, professional services, educational institutions, and residential developments. The property's location within a dense mixed-use environment continues to benefit from ongoing residential and commercial growth, creating a strong customer base and sustained activity throughout the day. Combined with excellent transit accessibility, pedestrian activity, and established retail amenities, 5070 Kingsway offers occupiers an opportunity to establish a presence within one of the region's most recognized commercial districts.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Sublease thru August 31, 2028 with renewal options
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 | 4,629 SF | Gross Leasable Area | 20,768 SF |
| Property Type | Retail | Year Built | 1981 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 4,629 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 20,768 SF |
| Year Built | 1981 |
About the Property
5070 Kingsway is a retail property located along Kingsway in Burnaby's Metrotown area. The available premises contain 4,629 square feet and were previously used as a condominium presentation centre. Property features include an open layout, substantial glazing, a reception area, multiple signage opportunities, and seven reserved parking stalls. The site is located near the intersection of Kingsway and Royal Oak Avenue and is within walking distance of Metrotown SkyTrain Station. Nearby destinations include Metropolis at Metrotown and surrounding retail, restaurant, service, and institutional uses.
- Bus Line
- Signage
- Signalized Intersection
Nearby Major Retailers
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5070 Kingsway
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