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Active
424 S Service RD Grimsby, ON L3M 4E8
2,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Rent
Square Footage 2,550 sqft
Subdivision 541 - Grimsby West
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
State ON
County Niagara
Community 541 - Grimsby West
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