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Exeter Commons Route 422 & Perkiomen Ave
4,717 - 12,217 SF of Retail Space Available in Reading, PA 19606
Highlights
- The Property is anchored by Giant, #1 market share in a 5-mile radius, Lowe’s, and Target (shadow anchor)
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,500 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $165,000 /YR $13,750 /MO | Triple Net (NNN) | ||
| 1st Floor | 4,717 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
4625-4699 Perkiomen Ave - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
4711-4721 Perkiomen Ave - 1st Floor
Plenty of parking for customers and employees for easy access. Minutes away from major highways and densely populated residential areas.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Busy avenue steady traffic and excellent exposure
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.
PROPERTY FACTS FOR Route 422 & Perkiomen Ave , Reading, PA 19606
| Center Type | Power Center | Gross Leasable Area | 492,681 SF |
| Parking | 2,201 Spaces | Total Land Area | 96.71 AC |
| Center Properties | 10 | Year Built | 2009 |
| Center Type | Power Center |
| Parking | 2,201 Spaces |
| Center Properties | 10 |
| Gross Leasable Area | 492,681 SF |
| Total Land Area | 96.71 AC |
| Year Built | 2009 |
About the Property
Exeter Commons is situated just southeast of downtown Reading at the intersection of Routes 422 (Perkiomen Avenue) and the West Shore 422 Bypass where Route 422 splits to become business Route 422. This intersection is one of the busiest in the region and is home to the dominant retail market in the area. Average daily traffic count along Route 422 is over 40,000 vehicles per day. Tenants includes a host of national, regional and credit retailers, including Ross Dress for Less, Petco, Chick-Fil-A, Five Below, Tower Health Urgent Care, Gamestop and T-Mobile.
Nearby Major Retailers
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Exeter Commons | Route 422 & Perkiomen Ave
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