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Markham-Steeles 5975-6025 Steeles Ave
1,560 SF of Retail Space Available in Toronto, ON M1V 5P7
Highlights
- Located by major tenants
- 70,000 cars per day with strong day time traffic
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 102 & 103 | 1,560 SF | 5-10 Years | $31.17 USD/SF/YR $2.60 USD/SF/MO $48,624 USD/YR $4,052 USD/MO | Triple Net (NNN) |
5981 Steeles Ave E - 1st Floor - Ste 102 & 103
Great opportunity to secure a prime location with very strong branded co-tenants including Wal-Mart, Rona, LCBO, Royal Bank, Scotia Bank, Bank of Montreal, Freedom Mobile, Petvalu, BodyBrite, Barburrito, Kanda Optical, Dentist, Chatime, China Cottage, Pizza Nova, Mr. Greek Express, and Hero Burger. Prime site with solid population including daytime population. With over 51,000 cars per day on Markham Road plus in excess of 24,000 cars per day on Steeles Avenue East.
- 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.
SELECT TENANTS AT Markham-Steeles
- Tenant
- Description
- CAN Locations
- Reach
- Biryani N BarBQ
- Retailer
- 1
- -
- GNC
- Nutrition Center
- 137
- International
- Kanda Optical Ltd
- Optical
- 15
- Local
- LCBO
- Liquor
- 1,241
- Regional
- Money Mart
- Finance Company
- 583
- International
- Walmart
- Dept Store
- 608
- International
| Tenant | Description | CAN Locations | Reach |
| Biryani N BarBQ | Retailer | 1 | - |
| GNC | Nutrition Center | 137 | International |
| Kanda Optical Ltd | Optical | 15 | Local |
| LCBO | Liquor | 1,241 | Regional |
| Money Mart | Finance Company | 583 | International |
| Walmart | Dept Store | 608 | International |
PROPERTY FACTS FOR 5975-6025 Steeles Ave , Toronto, ON M1V 5P7
| Center Type | Community Center | Gross Leasable Area | 417,673 SF |
| Parking | 1,500 Spaces | Total Land Area | 351.46 AC |
| Center Properties | 10 | Year Built | 2005 |
| Frontage |
| Center Type | Community Center |
| Parking | 1,500 Spaces |
| Center Properties | 10 |
| Frontage | |
| Gross Leasable Area | 417,673 SF |
| Total Land Area | 351.46 AC |
| Year Built | 2005 |
About the Property
Great plaza anchored by Walmart and Lowe's. Modern high bulkheads. Signage on Steeles Avenue side of the unit. Wonderful opportunity to secure this well anchored plaza with strong anchors plus LCBO, HSBC Bank, Royal Bank, Bank of Montreal, Scotia Bank, Money Mart, Kanda Optical, Dentist, Telus, China Cottage, Pizza Nova, Mr. Greek, Hero Burger, Chatime, and others. Over 70,000 cars per day by the site. Strong daytime traffic and residential density.
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Presented by
Markham-Steeles | 5975-6025 Steeles Ave
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