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Building A 671 Grand Ave W 7,912 - 18,287 SF of Retail Space Available in Chatham, ON N7L 1C5
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 7,912 SF | 5-10 Years | $12.89 USD/SF/YR $1.07 USD/SF/MO $102,023 USD/YR $8,502 USD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste B | 10,375 SF | 5-10 Years | $12.89 USD/SF/YR $1.07 USD/SF/MO $133,783 USD/YR $11,149 USD/MO | Triple Net (NNN) |
1st Floor, Ste A
A Wonderful opportunity to secure a prime location with very strong branded retail stores, including Mercato (specialty grocery store), The Brick, Sephora, Ardene, Planet Fitness, and others on the new pads (possession late 2024).The neighbouring property with cross parking is the home of Canadian Tire, Giant Tiger, Sport Chek, Pennington’s, Reitman’s, Moore’s, Carter’s OshKosh, Scotiabank, Pet Valu and others. Shoppers Drug Mart is also on neighbouring lands.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 18,287 SF of adjacent space
- Central Air Conditioning
1st Floor, Ste B
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 18,287 SF of adjacent space
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 BUILDING A
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Mercato Fresh
- -
- -
- -
- Planet Fitness
- -
- -
- -
- The Brick
- Retailer
- -
- -
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Mercato Fresh | - | - | - |
| Planet Fitness | - | - | - |
| The Brick | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 18,287 SF | Gross Leasable Area | 89,161 SF |
| Property Type | Retail | Year Built | 1964 |
| Total Space Available | 18,287 SF |
| Property Type | Retail |
| Gross Leasable Area | 89,161 SF |
| Year Built | 1964 |
ABOUT THE PROPERTY
Wonderful opportunity to secure a prime location with very strong branded adjacent retail stores including Canadian Tire, Giant Tiger, Dollarama, Reitman's, Pennington's, Moores, Scotiabank, Carter's, OshKosh, Pet Valu, and Sport Chek. Shoppers Drug Mart are also on neighbouring lands. Strong demographics with a trade area population of 85,000.
NEARBY MAJOR RETAILERS
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Building A | 671 Grand Ave W
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