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Cleona Square 481 W Penn Ave
1,872 - 6,507 SF of Retail Space Available in Cleona, PA 17042
HIGHLIGHTS
- Giant Food store anchored shopping center along high traffic corridor.
- Center in close proximity to Lebanon Valley College.
- Nice mix of regional & local tenants.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 471 | 1,872 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 477-479 | 4,635 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
435-481 W Penn Ave - 1st Floor - Ste 471
· 1,872 SF · Wide Open, Shell Space · ADA Restroom · Storage Closet
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
435-481 W Penn Ave - 1st Floor - Ste 477-479
· 4,635 SF (formerly Anytime Fitness) · Large Open Room / Exercise Room · 2 Bathrooms with Showers, 1 ADA Bathroom · 3 Private Offices · Separate Room at the Back (Used for Classes)
- Fully Built-Out as Specialty Space
- Located in-line with other retail
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
PROPERTY FACTS FOR 481 W PENN AVE , CLEONA, PA 17042
| Total Space Available | 6,507 SF | Center Properties | 3 |
| Center Type | Community Center | Gross Leasable Area | 116,568 SF |
| Parking | 796 Spaces | Total Land Area | 14.70 AC |
| Stores | 20 | Year Built | 1988 |
| Total Space Available | 6,507 SF |
| Center Type | Community Center |
| Parking | 796 Spaces |
| Stores | 20 |
| Center Properties | 3 |
| Gross Leasable Area | 116,568 SF |
| Total Land Area | 14.70 AC |
| Year Built | 1988 |
ABOUT THE PROPERTY
Join this neighborhood shopping center anchored by a 38,382 SF well-established and successful Giant Food Store. Situated along Route 422, the main east-west corridor between Hershey and Lebanon, the center offers excellent visibility and easy access to a diverse residential community and local amenities, including Lebanon Valley College. The area has experienced significant growth in distribution in recent years with the addition of several large warehouses. Notable facilities include the Hershey Co. Fulfillment Center, an 800,000 SF facility that packages and stores snack-size products from Hershey’s manufacturing network; EaglePoint, a 1.1 million SF warehouse; and the DHL Clear Spring Logistics Park, which contains multiple warehouses. The shopping center features a strong mix of national and regional retailers, including Rite Aid, McDonald’s, Subway, Fine Wine & Good Spirits, Fulton Bank, and more. This center presents an ideal opportunity for food retailers, medical services, health and wellness businesses, and other service-oriented ventures. The property is professionally managed.
NEARBY MAJOR RETAILERS
CONTACTS
-
Gordon Kauffman -
Marisa Benjamin -
Steve Clipman -
Benjamin Chiaro, CCIM -
TRUE Commercial Real Estate, LLC
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Cleona Square | 481 W Penn Ave
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