October 28, 2021 • Trideep Chakraborty
Retail Lease: 128-11020 No. 5 Rd, Richmond
A successful lease of 1,198 sf. of retail space at 128-11020 No. 5 Road, Richmond, situated within Sands Plaza in South Richmond. The property benefits from excellent exposure, convenient access to Highway 99, and a diverse mix of food and beverage, personal service, medical, and education businesses.
Summary
Transaction Date: October 28, 2021
Transaction: Retail Lease
Address: 128-11020 No. 5 Road, Richmond, BC
Unit Size: 1,198 sf.
Asset Type: Retail / Quick-Service Restaurant Space
Zoning: ZC26
Property Characteristics
This well-positioned retail unit offers strong visibility and functionality, making it particularly suitable for food and beverage, retail, personal service, and customer-focused businesses:
Restaurant-Ready Layout: The premises are improved for quick-service restaurant use, featuring a kitchen, service counter, accessible washroom, and existing venting infrastructure.
High-Exposure Location: Located at the prominent corner of No. 5 Road and Steveston Highway, providing excellent visibility and convenient access for customers.
Established Retail Environment: Sands Plaza features a diverse tenant mix including food and beverage, personal services, medical, and education operators, helping generate customer traffic throughout the day.
Convenient Accessibility: The property is located just off Steveston Highway with immediate access to Highway 99 and the George Massey Tunnel, providing convenient connectivity for customers and employees.
Neighborhood Overview
Strategic Location: Situated in South Richmond at the intersection of No. 5 Road and Steveston Highway, the property benefits from excellent connectivity to Highway 99, the George Massey Tunnel, Steveston, and surrounding Richmond neighbourhoods.
The surrounding area is an established retail and commercial node, with nearby shopping centres and a strong mix of restaurants, services, medical businesses, and other daily-needs retailers.
Conclusion
The lease at 128-11020 No. 5 Road reflects continued demand for well-positioned retail space in South Richmond. The unit's prominent corner exposure, restaurant-ready improvements, established retail environment, and convenient access to Highway 99 make it an attractive location for customer-focused businesses.
Quick FAQ
Q1: What type of businesses is this space best suited for?
A: Ideal for quick-service restaurants, food and beverage, retail, personal services, and customer-focused businesses.
Q2: What is the size of the leased unit?
A: Approximately 1,198 sf. of retail space.
Q3: What improvements are included?
A: Kitchen, service counter, accessible washroom, and venting infrastructure.
Q4: Why is this location attractive?
A: Located at No. 5 Road and Steveston Highway with quick access to Highway 99 and the George Massey Tunnel.
Have more questions?