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53-59 John St S
1,700 SF of Retail Space Available in Hamilton, ON L8N 2B9
Highlights
- Steps from transit and future LRT corridor
- Full height basement
- Steps to Hamilton downtown GO centre
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 55 | 1,700 SF | 1-10 Years | £11.88 /SF/PA £0.99 /SF/MO £127.84 /m²/PA £10.65 /m²/MO £20,190 /PA £1,683 /MO | Triple Net |
1st Floor, Ste 55
This large retail/restaurant unit offers 1,700 square feet of prime space on bustling John Street South in the very heart of Hamilton's burgeoning downtown! Includes two sections (front and back) that can allow for dual operations out of the space. Restaurant at the front, bar at the back? No problem! Retail clothier at the front with accessories at the back? You're set! Includes full-height, dry basement, ideal for storage. Steps from transit and future LRT corridor, Hamilton downtown GO centre, the downtown core, and much more! Listed rent is gross monthly rent, inclusive of base rent and TMI - subject lease is to be structured as semi-gross. Posted rent based on $17.68 PSF net with TMI for 2024 estimated as $3.50 PSF, total of $21.88 per square foot gross. Generous tenant incentives (such as tenant allowance) available for qualified tenants!
- Lease rate does not include utilities, property expenses or building services
- Includes full-height, dry basement
- Steps from transit and future LRT corridor
- Steps to Hamilton downtown GO centre
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 53-59 John St S , Hamilton, ON L8N 2B9
| Property Type | Retail | Gross Internal Area | 16,024 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1990 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Internal Area | 16,024 SF |
| Year Built | 1990 |
Nearby Major Retailers
-
Olivia Rapson -
Re/Max Escarpment Realty
Presented by
53-59 John St S
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