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Peartree Square Shopping Center 691 Co-op City Blvd 1,944 - 12,110 SF of Retail Space Available in Bronx, NY 10475
HIGHLIGHTS
- Peartree Square Shopping Center is a supermarket-anchored neighborhood retail center in the Bronx featuring a range of regional and national tenants.
- Join a diverse tenant mix that includes Stop & Shop, Walgreens, USA National Warehouse, Fabulous Optical, Peartree Vision 21 Dry Cleaners, and others.
- Located directly at the corner of Co-op City Boulevard and Peartree Avenue and adjacent to the Co-op City community's over 50,000 residents.
- End cap and outparcel retail units and second-generation restaurant spaces are available, along with over 600 parking spaces and pylon signage.
- Reach the property via multiple bus routes (Bx17, Bx23, Bx25, Bx28, Bx30, Q50) and access Interstate 95 & Hutchinson River Parkway in minutes.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B | 1,944 SF | Negotiable | $90.69 CAD/SF/YR $7.56 CAD/SF/MO $176,297 CAD/YR $14,691 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste C | 7,166 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste D | 3,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
675 Co Op City Blvd - 1st Floor - Ste B
Second-generation restaurant space. This space is currently occupied by Golden Krust with possession to be arranged.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
691 Co-op City Blvd - 1st Floor - Ste C
End-cap retail space previously occupied by Advance Auto Parts.
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- 2 Loading Docks
691 Co-op City Blvd - 1st Floor - Ste D
This outparcel was formerly occupied by Chase Bank with a drive-thru lane and three additional curb cuts.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Space is an outparcel at this property
- Drive Thru
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.
TENANTS AT PEARTREE SQUARE SHOPPING CENTER
- TENANT
- DESCRIPTION
- SIZE
- MOVE DATE
- US LOCATIONS
- REACH
- Stop & Shop
- Supermarket
- 55,000 SF
- 08-2007
- 578
- Regional
Stop & Shop has been around for more than 100 years. A lot has changed in all that time, but what hasn’t changed is their commitment to making their stores better every day for their associates, customers and the community. Today they proudly operate more than 400 stores throughout New York, New England and New Jersey with the help of 60,000 dedicated associates. They let the customer shop their way — in-store, online, for pickup, or home or business delivery.
- USA Nationwide Warehouse
- Wholesale Club
- 50,063 SF
- 10-2019
- 1
- Local
Retailer carrying home goods, furniture, and a variety of other products in Peartree Square Shopping Plaza.
- Walgreens
- Drug Store
- 10,878 SF
- 10-2019
- 9,268
- International
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
- Golden Krust
- Restaurant
- 2,000 SF
- 12-2018
- 103
- National
Golden Krust Caribbean Restaurant is a premier producer, and the largest franchisor of authentic Caribbean cuisine sold in franchise restaurants throughout North America. The original restaurant was formed 30 years ago and still exists today. Golden Krust produces millions of Jamaican patties per year, with systemwide sales also in the millions.
- Pear Tree Beauty Supply
- Health & Beauty Aids
- 2,000 SF
- 10-2019
- 1
- Local
Locally owned and operated beauty and nail salon located in Bronx, NY.
- Co-Op City Laundromat
- Laundry
- 1,411 SF
- 08-2017
- 1
- Local
Local laundromat that is located and serving people that are also located in Bronx, New York.
- Peartree Vision 21 Dry Cleaners
- Laundry
- 955 SF
- 08-2018
- 1
- Local
Local dry cleaning company located in Bronx, New York. Established in 2001.
- Fabulous Optical
- Eyeware Accessories
- 950 SF
- 02-2022
- 3
- Local
When anyone walks through their doors, they will be greeted by a compassionate and experienced team that is dedicated to providing high-quality, personalized eye care for the whole family in a friendly and professional environment. Their goal is to meet and exceed their customers expectations by providing friendly service and quality products at affordable prices. They conduct comprehensive exams which allow them to accurately detect eye disease or other abnormalities early, often before they present any symptoms. They also carry a wide selection of designer frames and sunglasses in their optical shop in order to fulfill the individual needs of each of their patients. Their mission is to provide their patients with optimal eye care to insure the health of their eyes and the quality of their vision.
| TENANT | DESCRIPTION | SIZE | MOVE DATE | US LOCATIONS | REACH |
| Stop & Shop | Supermarket | 55,000 SF | 08-2007 | 578 | Regional |
| USA Nationwide Warehouse | Wholesale Club | 50,063 SF | 10-2019 | 1 | Local |
| Walgreens | Drug Store | 10,878 SF | 10-2019 | 9,268 | International |
| Golden Krust | Restaurant | 2,000 SF | 12-2018 | 103 | National |
| Pear Tree Beauty Supply | Health & Beauty Aids | 2,000 SF | 10-2019 | 1 | Local |
| Co-Op City Laundromat | Laundry | 1,411 SF | 08-2017 | 1 | Local |
| Peartree Vision 21 Dry Cleaners | Laundry | 955 SF | 08-2018 | 1 | Local |
| Fabulous Optical | Eyeware Accessories | 950 SF | 02-2022 | 3 | Local |
PROPERTY FACTS
| Total Space Available | 12,110 SF | Center Properties | 2 |
| Center Type | Community Center | Gross Leasable Area | 142,463 SF |
| Parking | 650 Spaces | Total Land Area | 11.38 AC |
| Stores | 11 | Year Built | 2003 |
| Total Space Available | 12,110 SF |
| Center Type | Community Center |
| Parking | 650 Spaces |
| Stores | 11 |
| Center Properties | 2 |
| Gross Leasable Area | 142,463 SF |
| Total Land Area | 11.38 AC |
| Year Built | 2003 |
ABOUT THE PROPERTY
Peartree Square Shopping Center, located at 691 Co-op City Boulevard, is a supermarket-anchored shopping center with over 600 parking spaces, high street signage visibility, and multiple pylon signage opportunities. Strategically located directly across from the Co-op City residential developments, Peartree Square is ideally positioned to service the Co-op City community's more than 50,000 residents. Center co-tenants include Stop & Shop, Walgreens, USA National Warehouse, Fabulous Optical, Pear Tree Beauty Supply, Peartree Vision 21 Dry Cleaners, and more. End cap, in-line, and outparcel retail and restaurant opportunities in various sizes and configurations are available for tenant occupancy. Situated at the intersection of Co-op City Boulevard and Peartree Avenue, the center is bordered by multiple bus stops (Bx17, Bx23, Bx25, Bx28, Bx30, Q50) and is mere minutes from Interstate 95 and the Hutchinson River Parkway. Peartree Square Shopping Center strives to provide a comprehensive retail experience, ensuring patrons can effortlessly find everything from groceries and apparel to electronics and beyond.
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
MARKETING BROCHURE
DEMOGRAPHICS
Demographics
ABOUT BRONX
Retailers are attracted to the Bronx for its size and diversity. With more than 1 million residents and a bevy of cultures calling the Bronx home, retailers of all kinds can reach their specific audience without much issue.
With a booming residential seen observed in recent years, an influx of retail space has graced the Bronx. With more families calling the Bronx home, tenants in the medical, grocery, and child-care space have grown more active in the Bronx as their is clear demand to meet the needs of a growing borough.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| BoBo's Crab Shack | Wings | - | 0 min walk |
| Taco Bell | Fast Food | - | 5 min walk |
| Dunkin' | Cafe | - | 10 min walk |
HOTELS |
|
|---|---|
| Ramada |
54 rooms
3 min drive
|
| Trademark Collection by Wyndham |
129 rooms
9 min drive
|
| SpringHill Suites |
153 rooms
11 min drive
|
| Best Western Plus |
88 rooms
13 min drive
|
| Hyatt Place |
155 rooms
12 min drive
|
LEASING TEAM
LEASING TEAM
Katelin Van Voorhis, Associate
Well versed in national trends and emerging concepts, Katelin is known for her strong relationships within the regional food community and local business networks. She has a strong track record for her work with both credited tenants and seasoned local operators and is widely recognized as a tenacious and effective canvasser. Katelin leverages the depth of her national and local market knowledge to provide creative and intelligent real estate solutions to/for her clients.
Mia Abdou, Assistant Vice President
Mia has recently been selected as a 2021 New York Real Estate Journal Woman in Real Estate and received the 2019 and the 2020 Power Broker Award. Mia holds a Bachelor of Science in Business Administration and Marketing.
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Peartree Square Shopping Center | 691 Co-op City Blvd
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