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525 Highland Rd W
5,000 SF of Retail Space Available in Kitchener, ON N2M 5K1
Highlights
- Highland Park Shopping Centre
- Close proximity to the highway and a short drive to Waterloo and downtown Kitchener
- Conveniently located on GRT bus route in a mature neighbourhood, home to many high density residential developments
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 5,000 SF | 1-5 Years | £19.61 /SF/PA £1.63 /SF/MO £211.04 /m²/PA £17.59 /m²/MO £98,033 /PA £8,169 /MO | Triple Net |
1st Floor
New retail pad available for lease. Estimated delivery 2024. 10 year minimum term. Shoppers Drug Mart anchored plaza in high traffic area.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
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 525 Highland Rd W , Kitchener, ON N2M 5K1
| Property Type | Retail | Gross Internal Area | 20,757 SF |
| Property Subtype | Freestanding | Year Built | 1988 |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Internal Area | 20,757 SF |
| Year Built | 1988 |
About the Property
Conveniently located on GRT bus route in a mature neighbourhood, home to many high density residential developments. Close proximity to the highway and a short drive to Waterloo and downtown Kitchener. Two washrooms in suite, finished offices and open space ready to go. Abundant free parking in the complex. - No; restaurant, food uses, tobacco or cannabis retail.
- Air Conditioning
Nearby Major Retailers
-
Nick Boertien -
Devon Kerr -
Avison Young Commercial Real Estate
Presented by
525 Highland Rd W
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