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Lancaster Retail Center 825 E Chestnut St 11,180 SF of Retail Space Available in Lancaster, PA 17602
HIGHLIGHTS
- Former Rite Aid Building Available with Drive-Thru!
- Site offers generous parking facilities and excellent co-tenancy.
- Well-Suited for a Diverse Range of Businesses
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 300 | 11,180 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
825 E Chestnut St - 1st Floor - Ste 300
NOTE: The property remains under lease with Rite Aid Corporation, who is in bankruptcy proceedings. Because the lease has not yet been released by the bankruptcy court, until such occurrence, the Owner reserves the right to withdraw this property offering at any time.
- Lease rate does not include utilities, property expenses or building services
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 | 11,180 SF | Gross Leasable Area | 19,671 SF |
| Center Type | Strip Center | Total Land Area | 5.90 AC |
| Parking | 170 Spaces | Year Built | 1996 |
| Stores | 3 | Cross Streets | Broad St & Chestnut St |
| Center Properties | 2 |
| Total Space Available | 11,180 SF |
| Center Type | Strip Center |
| Parking | 170 Spaces |
| Stores | 3 |
| Center Properties | 2 |
| Gross Leasable Area | 19,671 SF |
| Total Land Area | 5.90 AC |
| Year Built | 1996 |
| Cross Streets | Broad St & Chestnut St |
ABOUT THE PROPERTY
TRUE Commercial Real Estate is pleased to market this 11,180 SF former Rite Aid store located along E. Chestnut St./PA Route 23 in Lancaster, PA. This prime retail space is well-suited for a diverse range of businesses, including retail operations, grocery stores, medical facilities, and various other commercial activities permitted within the C2 Urban Zone. The property has been well-maintained and professionally managed. It boasts a strong co-tenancy with reputable national retailer AutoZone and local Best China Wok, an Asian restaurant that has established a loyal customer base over its impressive 20+ year presence at this location. With its strategic positioning, the site offers generous parking facilities, enhancing customer convenience and accessibility. This combination of suitable space, reliable co-tenancy, and excellent visibility makes it an ideal choice for entrepreneurs looking to establish or expand their presence in this area of Lancaster.
NEARBY MAJOR RETAILERS
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Lancaster Retail Center | 825 E Chestnut St
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