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706 King St E
1,500 SF of Retail Space Available in Cambridge, ON N3H 3N9
Highlights
- Excellent opportunity in a high traffic area.
- This is the perfect opportunity for a second location or for a first-time restaurateur.
- Since the 1970’s, this desirable location has been serving sub-style sandwiches on this corner on King Street in Cambridge.
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,500 SF | 1-10 Years | Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
Corner Unit, suitable for coffee shops, restaurants, fast-food franchises. Interior is freshly painted. Located in downtown Cambridge. it's a very big retail space with a back side of storage.
- Space is in Excellent Condition
- Central Heating System
- Corner unit
- Premium fit out
- High traffic count
- Front and rear parking
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 706 King St E , Cambridge, ON N3H 3N9
| Total Space Available | 1,500 SF | Year Built | 1997 |
| Property Type | Retail | Parking Ratio | 0.3/1,000 SF |
| Gross Internal Area | 6,720 SF |
| Total Space Available | 1,500 SF |
| Property Type | Retail |
| Gross Internal Area | 6,720 SF |
| Year Built | 1997 |
| Parking Ratio | 0.3/1,000 SF |
About the Property
Excellent opportunity in a high traffic area. Since the 1970’s, this desirable location has been serving sub-style sandwiches on this corner on King Street in Cambridge. Now for sale, this turn-key operation is not one to miss. Complete with a walk-in cooler, a walk-in freezer, under-counter coolers, prep table (with display), a new Purchase of Sale system, all table and chair sets and two bread ovens. This is the perfect opportunity for a second location or for a first-time restaurateur. Please note that the franchise is not part of this sale.
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706 King St E
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