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5942 Peach St
2,996 SF of Retail Space Available in Erie, PA 16509
Highlights
- 2,996± SF Retail Endcap & 0.47± Acre Pad Site Available
- Along Greater Erie’s Major Retail Corridor Adjacent to Millcreek Mall
- Abundant Parking with 71± Car Lot
- Join the Mattress Firm & Zoom Tan
- 29,168 Average Daily Traffic Along Peach Street
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,996 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $236.81 /m²/YR $19.73 /m²/MO $5,493 /MO $65,912 /YR | Triple Net (NNN) |
1st Floor
2,996± SF endcap unit for lease on Peach Street next to The Mattress Firm & Zoom Tan. Space to be delivered with ADA restroom. Tenant allowance for paint & flooring. Property is located along Greater Erie’s major retail/service corridor adjacent to the Millcreek Mall, Barnes & Noble & KFC. Excellent visibility with 29,168 vehicles per day (AADT 2022). Tenant pays $22.00/SF/YR – NNN. NNN estimated at $6.65/SF/YR based on 2023. Additional 0.4761± acre pad site contiguous with the end cap also available for lease at $75,000/YR - NNN. Site offers potential for outdoor seating. Some restrictions on use apply. Contact broker for additional information or to schedule a tour.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- 2,996± SF Retail Endcap For Lease
- Join the Mattress Firm & Zoom Tan
- To Be Delivered with ADA Restroom
- Tenant Allowance for Flooring & Paint
- 3D Tour & Floor Plan
- Contiguous 0.4761± Acre Pad Site Also Available
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 5942 Peach St , Erie, PA 16509
| Property Type | Retail | Year Built/Renovated | 1991/2019 |
| Property Subtype | Freestanding | Parking Ratio | 7.43/1,000 SF |
| Gross Leasable Area | 9,553 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 9,553 SF |
| Year Built/Renovated | 1991/2019 |
| Parking Ratio | 7.43/1,000 SF |
About the Property
2,996± SF endcap unit for lease on Peach Street next to The Mattress Firm & Zoom Tan. Space to be delivered with ADA restroom. Tenant allowance for paint & flooring. Property is located along Greater Erie’s major retail/service corridor adjacent to the Millcreek Mall, Barnes & Noble & KFC. Excellent visibility with 29,168 vehicles per day (AADT 2022). Tenant pays $22.00/SF/YR – NNN. NNN estimated at $6.65/SF/YR based on 2023. Additional 0.4761± acre pad site contiguous with the end cap also available for lease at $75,000/YR - NNN. Site offers potential for outdoor seating. Some restrictions on use apply. Contact broker for additional information or to schedule a tour.
- Bus Line
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
-
Sherry Bauer -
SBRE - Sherry Bauer Real Estate Services
Presented by
5942 Peach St
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