290 BANK STREET, Ottawa, Ontario, K2P1X6

Property Description

Iconic Centre Town location available as an asset sale with lease assumption, situated at the high-visibility corner of Bank Street and Somerset Street West. This turn-key, beautifully finished space offers a contemporary interior ideal for a quick-service retail business.The 1,750 sq. ft. unit is positioned directly on the northwest corner of the intersection and features high ceilings, two bathrooms, a kitchen prep area, a service counter, and ample bench and chair seating. This is a rare opportunity to secure lease rights to a prime retail corner and elevate your business in one of Ottawa's most vibrant urban districts.Enjoy exceptional exposure with high pedestrian and vehicular traffic in the heart of the city. The existing lease runs until June 2028, providing strong long-term stability for the new operator.The lease is triple net (NNN) with a current base rent of $6,000 per month, with the tenant responsible for building operating costs, HST, and utilities in addition to the base rent. (id:64974)

Quick Facts

• Property Type: Business
• Bedrooms: None
• Bathrooms: None
• Living Area: 1,750 sq ft (162.6 m²)
• Frontage: 38 ft (11.4 m)

Listing Provided by: ROYAL LEPAGE INTEGRITY REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.