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Active
424 S Service RD Grimsby, ON L3M 4E8
2,550 SqFt
UPDATED:
02/24/2025 03:07 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Rent
Square Footage 2,550 sqft
MLS Listing ID X11982802
Annual Tax Amount $20
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Rare leasing opportunity at Niagara Gateway Tourist Information Centre & Major Highway Rest Stop/Service Station, which is conveniently located at QEW/Casablanca Blvd (Hwy 10) in Grimsby with over 85,000 vehicles passing per day (one of the busiest highways in Canada!) with over 6 million visitors per year passing through the centre. Join best in class brands including Tim Hortons, Wendy's, KFC/Taco Bell, Mr. Sub, Manchu Wok, New York Fries, Dairy Queen, Pizza Pizza & more. This former restaurant space is 2,550 SF + patio (with potential to expand or demise if necessary) with average net rent starting at $30 PSF minimum rent per square foot per year (with escalations expected throughout the term) + approximately $20 PSF in additional rent = $10,625 + HST monthly rent in first year. Note existing exclusive uses in place as shown. 10 year lease preferred, although Landlord will require a right to redevelop the property anytime as of the 5th year of the term, in which case they may elect to terminate the lease on 6 months advance written notice (with no repayment of unamortized tenant improvement expenses). In close proximity to Real Canadian Superstore, RONA, Fit4Less, A&W, Starbucks, car dealerships & more. Lockbox installed for authorized access to view premises after approved by listing brokerage in writing in advance.
Location
Province ON
County Niagara
Area Niagara
Zoning C4
Interior
Cooling Yes
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 843.0
Lot Depth 315.0
Others
Security Features Yes
Listed by MARINO LOCATIONS LIMITED