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Summit Towne Centre 7200 Peach St 1,630 - 24,772 SF of Retail Space Available in Erie, PA 16509
HIGHLIGHTS
- On busy Peach Street with 34,000 VPD
- Near I-90 exit to Millcreek Mall
- Heart of main retail corridor
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 150 | 15,000 SF | Negotiable | $13.96 CAD/SF/YR $1.16 CAD/SF/MO $209,388 CAD/YR $17,449 CAD/MO | TBD | ||
| 1st Floor, Ste 158 | 1,630 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $56,884 CAD/YR $4,740 CAD/MO | TBD | ||
| 1st Floor, Ste 18 | 3,600 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $125,633 CAD/YR $10,469 CAD/MO | TBD | ||
| 1st Floor, Ste 340 | 4,542 SF | Negotiable | $13.96 CAD/SF/YR $1.16 CAD/SF/MO $63,403 CAD/YR $5,284 CAD/MO | Net |
7200 Peach St - 1st Floor - Ste 150
7200 Peach St - 1st Floor - Ste 158
- Fully Built-Out as Specialty Space
- Located in-line with other retail
- Central Air Conditioning
- in power center
7200 Peach St - 1st Floor - Ste 18
This Shopping Center is home to John V. Schultz, Sam's Club, Goodwill, Gabe's, Chuck E. Cheese and many more.
- This location is great for retail/service use.
7200 Peach St - 1st Floor - Ste 340
Currently built out as a dental office.
- Lease rate does not include certain property expenses
- Former dental office
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
SELECT TENANTS AT SUMMIT TOWNE CENTRE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Sam's Club
- Wholesale Club
- 811
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Sam's Club | Wholesale Club | 811 | National |
PROPERTY FACTS
| Total Space Available | 24,772 SF | Frontage | Peach St |
| Center Type | Power Center | Gross Leasable Area | 551,898 SF |
| Parking | 2700 Spaces | Total Land Area | 290.75 AC |
| Center Properties | 12 | Year Built | 1990 |
| Total Space Available | 24,772 SF |
| Center Type | Power Center |
| Parking | 2700 Spaces |
| Center Properties | 12 |
| Frontage | Peach St |
| Gross Leasable Area | 551,898 SF |
| Total Land Area | 290.75 AC |
| Year Built | 1990 |
ABOUT THE PROPERTY
Portion of former Giant Eagle - Big box opportunity just off the I-90 exit for the Millcreek Mall on busy Peach Street. Sam's Club anchored center, 530,000 sq. ft. + power center Landlord may subdivide. Route 19/upper Peach Street in power center with Sam's Club, JoAnn Fabrics, Gabe's, John V. Schultz Furniture, Chuck E. Cheese, etc.
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Summit Towne Centre | 7200 Peach St
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