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reRESIDENCES - 101 Queen Street 101 Queen St 1,863 sq ft of Retail Space Available in Ottawa, ON K1P 0A8
SUBLEASE HIGHLIGHTS
- Located in the heart of Ottawa’s vibrant downtown core
- High Foot Traffic
- Prime Downtown Core Retail
SPACE AVAILABILITY (1)
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- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| Ground, Ste 108 Sparks #2 | 1,863 sq ft | Jul 2032 | Upon Application Upon Application Upon Application Upon Application | Negotiable |
Ground, Ste 108 Sparks #2
FOR SUBLEASE Prime Downtown Core Retail Space 108 Sparks Street —Unit 2 Available Immediately. Asking Rent: Contact Agent. Additional Rent: $17.00 (Est 2024). Lease Term Remaining: July 31, 2032
- Sublease space available from current tenant
- Fully Fit-Out as Standard Retail Unit
- Located in-line with other retail
- Prime Downtown Core Retail Space
- Available Immediately
- ease Term Remaining: July 31, 2032
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 (NNN) 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 agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rent 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 rent 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 | 1,863 sq ft | Net Internal Area (NIA) | 20,440 sq ft |
| Property Type | Retail | Year Built | 2019 |
| Property Subtype | Shopfront Retail / Residential |
| Total Space Available | 1,863 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Residential |
| Net Internal Area (NIA) | 20,440 sq ft |
| Year Built | 2019 |
ABOUT THE PROPERTY
Located in the heart of Ottawa’s vibrant downtown core, 108 Sparks Street offers a fantastic opportunity for businesses seeking a prestigious address in Canada’s capital city.
NEARBY MAJOR RETAILERS
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reRESIDENCES - 101 Queen Street | 101 Queen St
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