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664 Richmond St
5,211 - 10,423 SF of Retail Space Available in London, ON N6A 3G8
Highlights
- Ample parking
- Heavy commercialized area
- Retail amenities nearby
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,211 SF | 1-10 Years | $14.24 USD/SF/YR $1.19 USD/SF/MO $153.26 USD/m²/YR $12.77 USD/m²/MO $6,183 USD/MO $74,195 USD/YR | Triple Net (NNN) | ||
| 2nd Floor, Ste 200 | 5,212 SF | 1-10 Years | $11.39 USD/SF/YR $0.95 USD/SF/MO $122.61 USD/m²/YR $10.22 USD/m²/MO $4,947 USD/MO $59,367 USD/YR | Triple Net (NNN) |
1st Floor
Unique opportunity to Lease a Historic Building on Richmond Street (Richmond Row) in downtown London. The former Keg Steakhouse and Bar location on Richmond Row. The Keg operated at this historic London Station site for several years. Newer roof. Kitchen area is still located on the 2nd floor. Prime opportunity to locate at the heart of London's most viable retail, office, commercial and restaurant nodes in downtown London. Other Tenants in the area include Texas Roadhouse, Jack Astors, Chucks Roadhouse, Ceeps, Barneys etc. Two Storey building with basement area. Building Area: Approx. 10,423 SF plus Outdoor patio plus basement area. Approx. 5,212 SF per floor (Main floor & 2nd floor). Asking Lease Price: Main Floor $20.00 PSF Net, 2nd Floor: $16.00 PSF Net. Lease the entire building: Asking $16.00 PSF Net. Additional Rent is estimated at $6.50 PSF. Zoning: BDC (1), BDC 1, which permits a wide range of uses, such as, restaurant, tavern, office. **** EXTRAS **** The front patio land area of the property is under a Land Lease, which is paid yearly to the Railway. Zoning permits uses such as restaurant, tavern, office uses, day care, commercial recreation, financial etc.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Central Air Conditioning
- Kitchen area is still located on the 2nd floor
- Newer roof
2nd Floor, Ste 200
Unique opportunity to Lease a Historic Building on Richmond Street (Richmond Row) in downtown London. The former Keg Steakhouse and Bar location on Richmond Row. The Keg operated at this historic London Station site for several years. Newer roof. Kitchen area is still located on the 2nd floor. Prime opportunity to locate at the heart of London's most viable retail, office, commercial and restaurant nodes in downtown London. Other Tenants in the area include Texas Roadhouse, Jack Astors, Chucks Roadhouse, Ceeps, Barneys etc. Two Storey building with basement area. Building Area: Approx. 10,423 SF plus Outdoor patio plus basement area. Approx. 5,212 SF per floor (Main floor & 2nd floor). Asking Lease Price: Main Floor $20.00 PSF Net, 2nd Floor: $16.00 PSF Net. Lease the entire building: Asking $16.00 PSF Net. Additional Rent is estimated at $6.50 PSF. Zoning: BDC (1), BDC 1, which permits a wide range of uses, such as, restaurant, tavern, office. **** EXTRAS **** The front patio land area of the property is under a Land Lease, which is paid yearly to the Railway. Zoning permits uses such as restaurant, tavern, office uses, day care, commercial recreation, financial etc.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Central Air Conditioning
- Newer roof
- Natural Light exposure
- Kitchen area
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 664 Richmond St , London, ON N6A 3G8
| Property Type | Retail | Year Built | 1910 |
| Property Subtype | Restaurant | Parking Ratio | 1.44/1,000 SF |
| Gross Leasable Area | 10,423 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,423 SF |
| Year Built | 1910 |
| Parking Ratio | 1.44/1,000 SF |
About the Property
Commercial retail property located in London, Ontario.
Nearby Major Retailers
-
Tyler Desjardine -
Cushman & Wakefield
Learn More About Leasing Retail Properties
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664 Richmond St
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