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445 6th St
3,160 SF of Retail Space Available in New Westminster, BC V3L 3B1
Highlights
- Frontage on 5th Ave
- Close to Public Transit
- Close to Many Amenities
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 3,160 SF | 1-10 Years | £30.36 /SF/PA £2.53 /SF/MO £326.80 /m²/PA £27.23 /m²/MO £95,938 /PA £7,995 /MO | Triple Net |
1st Floor
445 Sixth Street is an exclusive opportunity to lease 3,160 square feet of prime retail space in a freestanding building in New Westminster. The Subject Property is a purpose built bank building located on a corner location with ample parking in rear. The Subject Property is located at the controlled intersection of Sixth Street and 5th Avenue providing over 50 feet of frontage on Sixth Street
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Central Air and Heating
- 6 parking spaces on-site
- High profile corner location
- Freestanding building
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 445 6th St , New Westminster, BC V3L 3B1
| Property Type | Retail | Gross Internal Area | 3,160 SF |
| Property Subtype | Bank | Year Built | 1937 |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Internal Area | 3,160 SF |
| Year Built | 1937 |
About the Property
Located in the Uptown neighbourhood of New Westminster, the Subject Property is central to an abundance of shops, restaurants, local amenities, and various transit options. 445 6th Street is surround by established retailers such as McDonald’s, London Drugs, Jak’s Beer Wine Spirits, Tim Hortons, major banks, and anchor tenants like Save-On-Foods, Winners, and Walmart located in the Royal City Centre shopping mall. The property is surrounded by numerous parks including Moody Park, New Westminster Park, and Queen’s Park which features an arena, an off-leash dog area, a rose garden, and a baseball stadium. The space is easily accessible as it is steps away from several bus lines through the city, central to two nearby expo line stations, and is adjacent to Highway 1 linking it to a 10-minute drive to Surrey, 15-minutes to Burnaby, and 30-minutes to Vancouve
Nearby Major Retailers
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445 6th St
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