Chart, CFA
Phone Tristan
1890 Cooper Road Suite #1
Kelowna, BC
Canada V1Y 8B7
Details
Address | 639 Baker Street |
Area | Nelson |
Sub Area | Nelson |
State/Province | British Columbia |
Country | Canada |
Price | $13.73/sqft |
Property Type | Lease |
Lot Size | 0.14 Acres |
Taxes | $0 |
Tax Year | 2024 |
MLS® # | 2475291 |
This premium Baker Street retail unit is AVAILABLE IMMEDIATELY FOR LEASE ASSIGNMENT OR SUBLEASE. The existing tenant, KTK Masala Shop, will be relocating their store and as a result, is seeking a replacement tenant to take over their lease. This is an exceptionally rare opportunity to access Baker Street retail space, the most desirable commercial retail space in the Kootenays, with ~37 feet of retail frontage and a depth of ~110 feet. Comprising a leased area of 5,000 square feet, there is an additional ~5,000 square feet of "bonus" basement space included. The unit includes three phase 200A power, air conditioning, separate metering, ~15 ft. ceiling heights to truss, laneway loading, two washrooms, and mezzanine office space. The current lease (offered here for assignment or sublease) which expires August 31, 2028, offers an attractive below-market current base rent of $13.73 per square foot per year plus triple net, with annual escalations in September of each year.