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Shoppes of the Parkway 670 Hwy-7 E
700 SF of Retail Space Available in Richmond Hill, ON L4B 3P2
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 13 | 700 SF | 1-10 Years | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Triple Net |
1st Floor, Ste 13
Built out sushi restaurant located in Center of Richmond Hill. Next to hotel area, near HWY 404/407/HWY 7. Low Rent with a remaining lease of 3.5+5 years. Plenty of free underground parking, internal access to Richmond Hill City Hall and the Sheraton Hotel. Commercial hood fan available. Food court. Option to purchase existing business being Yusushi for $80,000. Asking rent is $1,100 NET per month plus HST. Also in this property unit 69 at 430 square feet is for sale for $220,000 and unit 12 at 430 square feet is for sale for $180,000.
- 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
- Located in Center of Richmond Hill
- Plenty of free underground parking
- Internal access to Richmond City Hall and Sheraton
- Built out as restaurant with hood fan
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 670 Hwy-7 E , Richmond Hill, ON L4B 3P2
| Property Type | Retail | Total Land Area | 19.56 AC |
| Property Subtype | Storefront | Year Built | 1989 |
| Gross Internal Area | 138,633 SF | Parking Ratio | 1.27/1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 138,633 SF |
| Total Land Area | 19.56 AC |
| Year Built | 1989 |
| Parking Ratio | 1.27/1,000 SF |
Features and Amenities
- Bus Route
- Food Court
- Pylon Sign
- Air Conditioning
DEMOGRAPHICS
Demographics
Nearby Major Retailers
-
Jessica Shen -
Re/Max Hallmark
Presented by
Shoppes of the Parkway | 670 Hwy-7 E
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