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7971 Westminster Hwy
3,630 SF of Retail Space Available in Richmond, BC V6X 1A4
Sublease Highlights
- Frontage on Westminster Hwy
- Close to SkyTrain Station
- Close to Many Amenities
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 3,630 SF | Sep 2029 | £30.66 /SF/PA £2.56 /SF/MO £111,307 /PA £9,276 /MO | Full Service Gross |
1st Floor
3,630 square feet of retail space in Richmond Town Centre. The Subject Space is located on a busy throughfare, adjacent to CF Richmond Centre Mall and several notable retailers. The tenant will benefit from high vehicular and pedestrian traffic in the area, with the city’s balance of urban and suburban surrounding neighborhoods. Zoning of the Space is extensive, including use for office, financial/business services, general retail, restaurant, and more.
- Sublease space available from current tenant
- Rate includes utilities, building services and property expenses
- Located in-line with other retail
- 1 Private Office
- Fits 10 - 30 People
- Signage
- Kitchen
- Great Location
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 7971 Westminster Hwy , Richmond, BC V6X 1A4
| Property Type | Retail | Year Built | 1964 |
| Gross Internal Area | 9,281 SF | Parking Ratio | 2.91/1,000 SF |
| Property Type | Retail |
| Gross Internal Area | 9,281 SF |
| Year Built | 1964 |
| Parking Ratio | 2.91/1,000 SF |
About the Property
7971 Westminster Highway is located near the busy intersection of Westminster Highway and No. 3 Road in Richmond, BC. Offering exceptional frontage and street-front exposure along the active throughfare that runs through the center of Richmond. The space is located adjacent to CF Richmond Centre Mall which hosts a diverse group of notable retailers and draws a significant number of patrons to the area. Only steps away from the well-traveled Canada Line and Richmond-Brighouse Sky Train station, the Subject Property is easily accessible to commuters. The location is well connected to the surrounding cities, with quick access to Highway 99 (10-minute drive) and Vancouver (20-minute drive) via the Arthur Liang Bridge.
Nearby Major Retailers
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7971 Westminster Hwy
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