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Kmart Shopping Center West 2873 W 26th St
43,500 - 138,500 SF of Retail Space Available in Erie, PA 16506
Highlights
- UNMATCHED EXPOSURE AND STOP LIGHT AT MAJOR INTERSECTION OF THREE MAIN ARTERIES.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 95,000 SF | 5 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 43,500 SF | 5 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
2873-2897 W 26th St - 1st Floor
Recently, both Giant Eagle (moved to expand before Kmart closed) and Kmart have vacated the property. Our location in Millcreek has unsurpassed visibility (see attached photo) at the intersection of West 26th Street (Route 20), Serrattania Road and Peninsula Drive. Notably, Peninsula Drive dead-ends into our center at a traffic light intersecting other major roadways. We have been approached by other retailers over the past few years, but we were unable to deliver the space until Kmart terminated. This opportunity represents the most prominent location on that retail strip and it would certainly enhance YOUR COMPANY’S presence in this region. We can rename the center and offer you an extremely competitive rental rate.
- Fully Built-Out as Standard Retail Space
2873-2897 W 26th St - 1st Floor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT Kmart Shopping Center West
- Tenant
- Description
- US Locations
- Reach
- Famous Hair
- Salon/Barber/Spa
- 181
- National
- Happy Nails
- Nail Salon
- 350
- Local
- Hong Kong Chinese Restaurant
- Restaurant
- 1
- Local
- Little Caesars
- Pizza
- 5,647
- International
- Northwest Savings Bank
- Bank
- 317
- National
- Sally Beauty Supply
- Health & Beauty Aids
- 3,404
- International
| Tenant | Description | US Locations | Reach |
| Famous Hair | Salon/Barber/Spa | 181 | National |
| Happy Nails | Nail Salon | 350 | Local |
| Hong Kong Chinese Restaurant | Restaurant | 1 | Local |
| Little Caesars | Pizza | 5,647 | International |
| Northwest Savings Bank | Bank | 317 | National |
| Sally Beauty Supply | Health & Beauty Aids | 3,404 | International |
PROPERTY FACTS FOR 2873 W 26th St , Erie, PA 16506
| Center Type | Community Center | Gross Leasable Area | 160,848 SF |
| Parking | 643 Spaces | Total Land Area | 13.08 AC |
| Stores | 6 | Year Built | 1965 |
| Center Properties | 1 | Cross Streets | 26th & Peninsula Dr |
| Frontage |
| Center Type | Community Center |
| Parking | 643 Spaces |
| Stores | 6 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 160,848 SF |
| Total Land Area | 13.08 AC |
| Year Built | 1965 |
| Cross Streets | 26th & Peninsula Dr |
About the Property
JOIN: HONG KONG CHINESE RESTAURANT, HAPPY NAILS, FAMOUS HAIR, SALLY BEAUTY SUPPLY, LITTLE CAESARS, NORTHWEST SAVINGS BANK, UNIVERSITY OF PITTSBURGH (UPMC)/HAMOT HOSPITAL AAA LOCATION - HIGH TRAFFIC COUNT – HIGH VISIBILITY – ESTABLISHED RETAIL LOCATION – ABUNDANT PARKING RATIO – ANCHOR TENANT CAN RENAME THE CENTER. Recently, both Giant Eagle (moved to expand before Kmart closed) and Kmart have vacated the property. Our location in Millcreek has unsurpassed visibility (see attached photo) at the intersection of West 26th Street (Route 20), Serrattania Road and Peninsula Drive. Notably, Peninsula Drive dead-ends into our center at a traffic light intersecting other major roadways.
-
David Steiger -
LEVCO Management, LLC
Learn More About Leasing Retail Properties
Presented by
Kmart Shopping Center West | 2873 W 26th St
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