For Lease · Retail

575 RICHMOND STREET, London East (East F)

575 RICHMOND STREET, London East (East F), ON N6A3G2

$19 per sq ft / yr

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

91%

About this property

Prime retail opportunity in the heart of Downtown London's vibrant Richmond Row district. This beautifully renovated 1,105 SF storefront at 575 Richmond St offers exceptional street presence, modern finishes, large display windows, high ceilings, and strong pedestrian exposure surrounded by restaurants, boutiques, bars, offices, and high-density residential towers. The space features an open concept retail layout with additional storage area in the rear/lower level, making it ideal for a wide range of business uses under BDC(1) zoning including retail boutiques, clothing stores, jewelry stores, salons, aesthetics/beauty uses, wellness services, studios, cafes, offices, specialty food shops, personal service establishments, creative agencies, and more. Located in one of London's busiest urban corridors with constant foot traffic from students, professionals, and downtown residents. Turnkey opportunity for businesses looking to establish themselves in a highly sought-after downtown location. Asking $19 net + $14.16 additional rents ($3,053.48 monthly) plus HST and utilities. (id:66811)

Financial sandbox

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Estimate
Purchase price$19
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-2.51%

DSCR

0.86

Going-in cap

4.79%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

129,693

Households

51,748

Median income

$138,000

Median age

39.5

Daytime population

196,507

5-yr growth

5.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 575 RICHMOND STREET, London East (East F).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.