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240 Richmond St

1,756 SF of Retail Space Available in London, ON N6B 2H6

Highlights

  • Highly visible plaza at the corner of Richmond and Horton
  • Unit available February 1, 2024. Additional rent is $11.75 per square foot for 2023.
  • Signalized intersection. Permitted uses include: retail, medical, dental, studio, clinics, personal service establishments.

Space Availability (1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor, Ste E
  • 1,756 SF
  • 1-5 Years
  • $13.00 CAD/SF/YR $1.08 CAD/SF/MO $139.93 CAD/m²/YR $11.66 CAD/m²/MO $1,902 CAD/MO $22,828 CAD/YR
  • Triple Net (NNN)
Space Use
Retail
Condition
Shell Space
Availability
30 Days

1,756 SF end unit space in highly visible plaza at the corner of Richmond and Horton. Signalized intersection. Permitted uses include: retail, medical, dental, studio, clinics, personal service establishments. Unit available February 1, 2024. Additional rent is $11.75 per square foot for 2023. Tenant pays utilities. Limited parking, but Landlord has variance waiving parking requirement.

  • Lease rate does not include utilities, property expenses or building services
  • Located in-line with other retail
Space Size Term Rental Rate Rent Type
1st Floor, Ste E 1,756 SF 1-5 Years $13.00 CAD/SF/YR $1.08 CAD/SF/MO $139.93 CAD/m²/YR $11.66 CAD/m²/MO $1,902 CAD/MO $22,828 CAD/YR Triple Net (NNN)

1st Floor, Ste E

Size
1,756 SF
Term
1-5 Years
Rental Rate
$13.00 CAD/SF/YR $1.08 CAD/SF/MO $139.93 CAD/m²/YR $11.66 CAD/m²/MO $1,902 CAD/MO $22,828 CAD/YR
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Shell Space
Availability
30 Days

1,756 SF end unit space in highly visible plaza at the corner of Richmond and Horton. Signalized intersection. Permitted uses include: retail, medical, dental, studio, clinics, personal service establishments. Unit available February 1, 2024. Additional rent is $11.75 per square foot for 2023. Tenant pays utilities. Limited parking, but Landlord has variance waiving parking requirement.

  • Lease rate does not include utilities, property expenses or building services
  • Located in-line with other retail

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 broker 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 240 Richmond St , London, ON N6B 2H6

Property Type Retail
Property Subtype Storefront
Gross Leasable Area 6,400 SF
Year Built 1978

About the Property

Highly visible plaza at the corner of Richmond and Horton

  • Signage
Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
CIBC
GoodLife Fitness
Royal Bank of Canada
Tim Hortons
National Bank Financial
TD Canada Trust
Coffee Culture
Crabby Joes
Scotiabank
  • Listing ID: 34146178

  • Date on Market: 2024-12-10

  • Last Updated:

  • Address: 240 Richmond St, London, ON N6B 2H6

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