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New Lease with The Zoo Flowers

Jesse Davidson

The Zoo Flowers is now open next door to Dashing Hounds dog groomers at 1364 Queen St. E.
The Zoo Flowers is now open next door to Dashing Hounds dog groomers at 1364 Queen St. E.



We are pleased to report we have recently leased our only vacant space at 1364 Queen Street East (at Greenwood Ave.). Our new tenant, The Zoo Flowers, is an experienced florist with an existing regular customer base. The leasing market appears to be fairly hot in this neighbourhood and small spaces like this one (369 sq ft) are hard to find.


The addition of this tenant adds to the ideal retail tenant mix we have at this property including Dang Smoke BBQ, KFC, and Dashing Hounds.


The terms of the Lease are as follows:


Term: 5 years from May 1, 2023 to April 30, 2028

Net Rent:  Year 1: $1,825 per month ($59.35 psf)

Year 2: $1,850 per month ($60.16 psf)

Year 3: $1,875 per month ($60.98 psf)

Year 4: $1,900 per month ($61.79 psf)

Year 5: $1925 per month ($62.60 psf)

Renewal Option:  1 term of 3 years at the greater of:

i) market rent at that time,

ii) an increased rent directly proportionate to any increase in the CPI (Consumer Price Index) during the initial term, or

iii) the rent payable in the original term.


Guarantee: personal guarantee from the owner, Ninghua Liu

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