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1250 Brant St
1,600 SF of Retail Space Available in Burlington, ON L7P 1X8
Highlights
- Excellent transportation links to Toronto
- Excellent investment
- Close to Highway 401 and Go Transit
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
Space | Size | Term | Rental Rate | Rent Type | ||
1st Floor, Ste 9A | 1,600 SF | 1-10 Years | $13.85 USD/SF/YR $1.15 USD/SF/MO $22,162 USD/YR $1,847 USD/MO | Triple Net (NNN) |
1st Floor, Ste 9A
The shopping center at 1220 & 1250 Brant Street in Burlington, Ontario, purchased by Terracap in 2004, covers 297,000 square feet and features major retailers like Sobeys, Indigo, Famous Players, Lazy Boy Furniture, and Marshalls. Burlington, with 160,000 residents, offers excellent transportation links to Toronto and has a diverse economic base.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Anchors: Sobeys, Indigo, Marshalls
- New: 40,000 sq. ft. LA Fitness
- Lots of Natural Light
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 1250 Brant St , Burlington, ON L7P 1X8
Property Type | Retail | Total Land Area | 19.77 AC |
Property Subtype | Storefront | Year Built | 1996 |
Gross Leasable Area | 127,057 SF | Parking Ratio | 1.26/1,000 SF |
Property Type | Retail |
Property Subtype | Storefront |
Gross Leasable Area | 127,057 SF |
Total Land Area | 19.77 AC |
Year Built | 1996 |
Parking Ratio | 1.26/1,000 SF |
About the Property
Purchased in 2004, the property is located at 1220 & 1250 Brant Street in Burlington, Ontario. The shopping centre consists of 297,000 square feet, anchored by Sobeys, Indigo, Famous Players, Lazy Boy Furniture and Marshalls. The shopping centre also includes 4 acres of vacant land for further retail development. Burlington has a population of 160,000 residents and has excellent transportation links to Toronto including rail links, Highway 401 and Go Transit. Its economic base is diverse including food processing, packaging, transportation, electronics, auto parts manufacturing and business services. Terracap was able to structure a deal on a tax effective basis that was attractive to the vendor. The vendor was faced with a low tax cost base and high recapture upon disposition. Terracap structured the purchase through a third party that absorbed the recapture and sold Terracap the assets at the higher tax cost base. This allowed the Company to acquire this significant and much sought after Class A property at a reasonable purchase price in a very hot commercial real estate market. The shopping centre has proven to be an excellent investment. The centre is virtually 100% leased with moderate rent step-ups year over year. Offers were received on the center, which precipitated a sale to an internal investor pool, resulting in a significant gain for investors who opted to capitalize on the opportunity to exit. Currently built and opened for business is a 40,000 sf LA Fitness on surplus lands on the site and an extensive renovation of the existing Sobeys store has been recently completed as well. The construction and lease up has been completed and there is approximately 7,500 sf of pad space in front of Sobeys and there is a new Marshall’s store.
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
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1250 Brant St
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