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988 Ontario St 1,600 SF of Retail Space Available in Stratford, ON N5A 6Z3
HIGHLIGHTS
- Retail amenities nearby
- Ample parking
- Heavy commercialized area
- Access to highway
- High exposure location
- Heavy daytime foot traffic area
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 171 | 1,600 SF | 1-10 Years | $29.25 USD/SF/YR $2.44 USD/SF/MO $46,799 USD/YR $3,900 USD/MO | Triple Net (NNN) |
1st Floor, Ste 171
Prime Free Standing Commercial (Retail/Office/Medical) Building available For Lease in Stratford, Ontario. Located directly at the corner of Ontario St. and C H Meier Boulevard. Former Scotiabank location, which also included a drive-thru. Located in the heart of Stratford's main retail node in the City. Located directly beside Walmart, Crabby Joes restaurant, River Dental, RBC and several other national tenants along Ontario St. Space Available: Approx. 1,600 SF Asking Price: $40.00 PSF Net plus the Additional Rent (Estimated at $12.00 PSF) + Utilities. Excellent exposure and accessibility. Zoning permits a wide range of uses. Building professionally managed & maintained.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Central Air Conditioning
- Natural light exposure
- Suited for retail/professional service uses
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 | 1,600 SF | Year Built | 2010 |
| Property Type | Retail | Parking Ratio | 27.5/1,000 SF |
| Gross Leasable Area | 1,600 SF |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Gross Leasable Area | 1,600 SF |
| Year Built | 2010 |
| Parking Ratio | 27.5/1,000 SF |
ABOUT THE PROPERTY
Commercial retail property located in Stratford, Ontario.
NEARBY MAJOR RETAILERS
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988 Ontario St
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