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555 Wellington Rd S
3,800 SF of Office/Retail Space Available in London, ON N6C 4R3
Highlights
- reat retail location located on Wellington Road south in London
- The building boasts great curb appeal and is visible to over 43,000 cars a day.
- 555 Wellington Road is moments away from downtown London and highways 401 and 403
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,800 SF | 1-5 Years | $13.85 USD/SF/YR $1.15 USD/SF/MO $52,634 USD/YR $4,386 USD/MO | Triple Net (NNN) |
1st Floor
Wellington Road Commercial/Retail Plaza offers an excellent opportunity to position your business in a prime location near Victoria Hospital and St. Joseph Healthcare Institute, with convenient access to Hwy 401. This high-traffic area ensures excellent exposure for your business, increasing visibility and customer foot traffic. The plaza is home to well-established, high-profile tenants including Fairstone Financial, Medigas, Papa John’s Pizza, and Yurek Home Healthcare, creating a vibrant and attractive commercial environment. With ample parking available for both customers and employees, this is an ideal spot to grow your business.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Fits 10 - 31 People
- Located in-line with other retail
- High-traffic area with excellent exposure
- Ample parking for customers and employees
- Easy access to Hwy 401
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 555 Wellington Rd S , London, ON N6C 4R3
| Property Type | Retail | Gross Leasable Area | 20,972 SF |
| Property Subtype | Storefront | Year Built | 1980 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 20,972 SF |
| Year Built | 1980 |
About the Property
lexible zoning allows for a wide variety of mixed commercial uses and is ideally suitable for office and retail. The building boasts great curb appeal and is visible to over 43,000 cars a day.
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
Nearby Major Retailers
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555 Wellington Rd S
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