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Elgin Centre 417 Wellington St
331 - 7,696 SF of 4-Star Retail Space Available in St Thomas, ON N5R 5J5
Highlights
- Elgin Centre has a dynamic mix of big box retailers and local shops
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 331-7,696 SF | 1-10 Years | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
The Elgin Centre, St. Thomas located approx. 35 minutes south of London, 15 minutes west of Aylmer and 15 minutes north of Port Stanley offers merchants and businesses regional access to greater St. Thomas and Elgin County with a population of over 90,000. National tenants and local businesses including lifestyle apparel, home decor, shoes, sports, gifts, furniture, health, grocery, jewelry, household, recreation, services, restaurants, entertainment and professional offices all within a very well-designed and easily accessible property.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- After Hours HVAC Available
- Built Out Retail Space
- Ample parking
- High exposure spaces within mall
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.
PROPERTY FACTS FOR 417 Wellington St , St Thomas, ON N5R 5J5
| Min. Divisible | 331 SF | Gross Internal Area | 245,778 SF |
| Property Type | Retail | Year Built/Renovated | 1975/2022 |
| Property Subtype | Freestanding | Parking Ratio | 4.26/1,000 SF |
| Min. Divisible | 331 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Internal Area | 245,778 SF |
| Year Built/Renovated | 1975/2022 |
| Parking Ratio | 4.26/1,000 SF |
About the Property
Elgin Centre is a 288,000 SF shopping centre located at 417 Wellington Street (just east of Fairview Avenue and easily accessible from Talbot Street (Hwy 3), in St. Thomas, Ontario. Formerly Elgin Mall, Elgin Centre with over 1,200 free parking spaces, is the only enclosed shopping mall in St. Thomas and Elgin County and has been a shopping mainstay in the community since 1976. Elgin Centre has a dynamic mix of big box retailers and local shops, boutiques and restaurants and continues to transform. With over 44 shops, services, restaurants and anchored by the only movie theatre (6 screen) in Greater St. Thomas, fitness centre Fit4 Less by Goodlife, Metro, Giant Tiger, Dollarama and Ardene - there is sure to be something for everyone. Over the past 2 -3 years new national tenants and local business has been added, $3.5 million has been spent in improvements and a new 61,732 SF, $16 million 95 room Holiday Inn Express & Suites Hotel development is now under construction and will be added to the shopping centre site - opening December 2022.
DEMOGRAPHICS
Demographics
Nearby Major Retailers
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Elgin Centre | 417 Wellington St
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