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Millennium Ridge Retail Centre 320-220 Lakeland Dr
1,063 - 2,382 SF of Space Available in Sherwood Park, AB T8H 0N6
Highlights
- Excellent location with busy intersection
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,063 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Triple Net | ||
| 1st Floor, Ste Unit 380 | 1,319 SF | 1-10 Years | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
220 Lakeland Dr - 1st Floor
1,063 SF fully built out Quick Service Restaurant unit available for lease Summer 2024
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Built out as a restaurant
- Excellent exposure along Broadmoor Boulevard
- Sees approx. 24,600 VPD
280 Lakeland Dr - 1st Floor - Ste Unit 380
Unit 380 is a 1319 SF developed retail unit. This suite was a former cannabis store.
- Fully Built-Out as Standard Office
- Fits 4 - 11 People
- Newer development with modern design
- Units include a finished fitness studio
- Excellent exposure along Broadmoor Boulevard
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 agent 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.
SITE PLAN
SELECT TENANTS AT Millennium Ridge Retail Centre
- Tenant
- Description
- CAN Locations
- Reach
- Lash Up
- Retailer
- 1
- -
- Life Italian Restaurant
- -
- 1
- -
- Millennium Liquor
- Retailer
- -
- -
- Starbucks
- Coffee
- 2,984
- International
- That Bar-B-Q Place
- Accommodation and Food Services
- -
- -
- Tutti Frutti
- Restaurant
- 13
- National
| Tenant | Description | CAN Locations | Reach |
| Lash Up | Retailer | 1 | - |
| Life Italian Restaurant | - | 1 | - |
| Millennium Liquor | Retailer | - | - |
| Starbucks | Coffee | 2,984 | International |
| That Bar-B-Q Place | Accommodation and Food Services | - | - |
| Tutti Frutti | Restaurant | 13 | National |
PROPERTY FACTS FOR 320-220 Lakeland Dr , Sherwood Park, AB T8H 0N6
| Centre Type | Strip Center | Gross Leasable Area | 81,426 SF |
| Parking | 230 Spaces | Total Land Area | 2.50 AC |
| Centre Properties | 7 | Year Built | 2010 |
| Centre Type | Strip Center |
| Parking | 230 Spaces |
| Centre Properties | 7 |
| Gross Leasable Area | 81,426 SF |
| Total Land Area | 2.50 AC |
| Year Built | 2010 |
About the Property
Desirable commercial retail units located on the corner of Broadmoor Boulevard and Lakeland Drive. Prime positioning next to the Millennium Place Recreation Centre, which sees over 2.3 million visitors per year.
- Corner Lot
- Courtyard
- Property Manager on Site
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
Nearby Major Retailers
-
Rayann Bungay -
TAG Developments
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Millennium Ridge Retail Centre | 320-220 Lakeland Dr
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