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W Reading Shopping Center 525 Penn Ave 9,200 SF of Retail Space Available in West Reading, PA 19611
HIGHLIGHTS
- In the center of the areas retail district
- Great access to pedestrian traffic
- Great parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 9,200 SF | 12’ - 14’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
525 Penn Ave - 1st Floor
Former Rite Aid Pharmacy, the space is perfect for grocer, general merchandising, specialty retail, or other retail operations. A full basement allows for excellent storage and access to utilities for main floor modifications. Interior space is clear space for maximum design flexibility.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Anchor Space
- Central Air and Heating
- Drop Ceilings
- Secure Storage
- Emergency Lighting
- Finished Ceilings: 12’ - 14’
- Basement
- DDA Compliant
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
| Total Space Available | 9,200 SF | Frontage | 600’ on Penn Ave |
| Center Type | Strip Center | Gross Leasable Area | 22,220 SF |
| Stores | 8 | Total Land Area | 3.27 AC |
| Center Properties | 1 | Year Built | 1900 |
| Total Space Available | 9,200 SF |
| Center Type | Strip Center |
| Stores | 8 |
| Center Properties | 1 |
| Frontage | 600’ on Penn Ave |
| Gross Leasable Area | 22,220 SF |
| Total Land Area | 3.27 AC |
| Year Built | 1900 |
ABOUT THE PROPERTY
West Reading Plaza is the main shopping center in downtown West Reading. Plenty of surface parking spaces for convenient access. Center has recent capital improvements in 2023 to parking lot, facade and lighting. The site is located at the corner of Penn Ave and 6th Ave along the main neighborhood retail district of West Reading. At 8th Ave and a block north there is over $200 million in redevelopment at the former VF Outlet center. With over 800 day-time jobs committed plus another 99-unit multifamily apartment project recently completed, the area’s already vibrant district will become even more attractive. Currently the space is wide open, shell condition, and ready for a new use! Visit naikeystone.com for accurate listing info.
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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W Reading Shopping Center | 525 Penn Ave
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