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11,540± SF Mixed-Use Building On 1.6± Acres 5430 Peach St 11,540 SF of Retail Space Available in Erie, PA 16509
HIGHLIGHTS
- 11,540± SF Mixed-Use Building On 1.6± Acres For Sale Or Lease
- At A Signalized Corner Intersection With 3 Curb Cuts For Easy Access
- Drive-Thru Window, Overhead Door & Public Utilities
- Along Greater Erie’s Major Retail/Service Corridor With 26,000 Average Daily Traffic
- Former Rite Aid Pharmacy – Built In 1999 – Interior Renovated 2020
- Abundant Parking With ±64 Spaces In Paved Lot
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,540 SF | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $276,960 /YR $23,080 /MO | Triple Net (NNN) |
1st Floor
11,540± SF freestanding mixed-use building for sale or lease. Along Greater Erie’s major retail/service corridor. Former Rite Aid Pharmacy. Built in 1999. Drive-thru window, overhead door, abundant parking with ±64 spaces in paved lot & public utilities. Interior completely renovated In 2020. Excellent signage & visibility. At a signalized corner intersection for easy access with 2 curb cuts on Peach Street & 1 on Zimmerly Road. 26,000 average daily traffic along Peach Street (PennDOT AADT 2024 count year). On 1.602± acres zoned C1, Corridor Commercial. Offered for sale at $5,000,000 or for lease at $24.00/SF/YR – NNN.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- 11,540± SF Mixed-Use Building On 1.6± Acres
- Along Greater Erie’s Major Retail/Service Corridor
- High Traffic Area 26,000 Average Daily Traffic
- At Signalized Corner Intersection With 3 Curb Cuts
- Former Rite Aid Pharmacy – Built In 1999
- Abundant Parking With ±64 Spaces In Paved Lot
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
| Total Space Available | 11,540 SF | Gross Leasable Area | 11,540 SF |
| Property Type | Retail | Year Built/Renovated | 1999/2020 |
| Property Subtype | Drug Store | Parking Ratio | 5.55/1,000 SF |
| Total Space Available | 11,540 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 11,540 SF |
| Year Built/Renovated | 1999/2020 |
| Parking Ratio | 5.55/1,000 SF |
ABOUT THE PROPERTY
11,540± SF freestanding mixed-use building for sale or lease. Located along Greater Erie’s major retail/service corridor near Millcreek Hospital, Millcreek Mall complex & LECOM Ambulatory Surgery Center. Former Rite Aid Pharmacy. Built in 1999. Drive-thru window, overhead door, abundant parking with ±64 spaces in paved lot & public utilities. Interior completely renovated In 2020. Excellent signage & visibility. At a signalized corner intersection for easy access with 2 curb cuts on Peach Street & 1 on Zimmerly Road. 26,000 average daily traffic along Peach Street (PennDOT AADT 2024 count year). On 1.602± acres zoned C1, Corridor Commercial, in Millcreek Township with permitted uses including retail, restaurant, car wash, vehicle sales, veterinary clinic, medical marijuana dispensary & more. Offered for sale at $5,000,000 or for lease at $24.00/SF/YR – NNN. Contact broker for additional information or to schedule a tour.
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
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11,540± SF Mixed-Use Building On 1.6± Acres | 5430 Peach St
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