This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
College Plaza 2018-2028 E 38th St
19,868 SF 80% Leased Retail Building Erie, PA 16510 $2,345,200 CAD ($118.04 CAD/SF) 10.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Own College Plaza, A 7-Unit Strip Plaza Near Mercyhurst University
- Built in 1987 With Public Utilities & 129 Car Parking Lot
- 79.9% Occupancy - Upside Potential
- 19,868± SF Center With 19,400± SF Rentable Area
- Tenant Mix: Dollar Tree, On The Avenue Salon, Sun Capsule & Jade Garden
- $175,772 Pro-Forma NOI – Offered At 10.8% Pro-Forma Cap Rate
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
- Corner Lot
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week. Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.
- Jade Garden Pa Inc
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- On The Avenue
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Sun Capsule
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Jade Garden Pa Inc | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| On The Avenue | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Sun Capsule | Services | 99,999 SF | - | Lorem Ipsum | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
1,500± SF office suite for lease at College Plaza. Join Dollar Tree, On The Avenue Salon, Sun Capsule & Jade Garden! Layout includes waiting area, reception, 5 offices, break room, 3 restrooms, storage room & storage area with utility sink. Modern synthetic wood flooring & 9’8” ceilings. 3D tour & floor plan available. Zoned C-1, Local Commercial District (City of Erie) offering many potential uses: office, retail, restaurant, fitness center, pet grooming & more. Excellent signage & visibility with 15,000 average daily traffic along E. 38th Street (PennDOT - 2023 count year). Abundant off street parking in 129± space paved lot. Offered at $14.00/SF/YR – NNN. NNN estimated at $3.92/SF/YR based on 2023. Tenant pays approximately $2,240/month (base rent + NNN) + utilities.
1,200± SF mixed-use space for lease at College Plaza. Former chiropractic office. Layout includes waiting area, reception, 5 offices, open area, 2 restrooms & back storage area. 10’ ceilings. 3D tour & floor plan available. Offered at $13.00/SF/YR – NNN. NNN estimated at $3.92/SF/YR based on 2023. Tenant pays approximately $1,692/month (base rent + NNN) + utilities. Up to 2,400± SF available.
1,200± SF mixed-use space for lease at College Plaza. Mostly open layout with 19’9” window frontage, 9’11” ceilings, 2 restrooms & storage area. Floor plan & 3D tour available. Offered at $13.00/SF/YR – NNN. NNN estimated at $3.92/SF/YR based on 2023. Tenant pays approximately $1,692/month (base rent + NNN) + utilities. Up to 2,400± SF available.
| Space | Size | Space Use | Position | Available |
| 2020 | 1,500 SF | Office | - | Now |
| 2030 | 1,200 SF | Office/Retail | - | Now |
| 2032 | 1,200 SF | Retail | In-Line | Now |
2020
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2030
| Size |
| 1,200 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2032
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2020
| Size | 1,500 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
1,500± SF office suite for lease at College Plaza. Join Dollar Tree, On The Avenue Salon, Sun Capsule & Jade Garden! Layout includes waiting area, reception, 5 offices, break room, 3 restrooms, storage room & storage area with utility sink. Modern synthetic wood flooring & 9’8” ceilings. 3D tour & floor plan available. Zoned C-1, Local Commercial District (City of Erie) offering many potential uses: office, retail, restaurant, fitness center, pet grooming & more. Excellent signage & visibility with 15,000 average daily traffic along E. 38th Street (PennDOT - 2023 count year). Abundant off street parking in 129± space paved lot. Offered at $14.00/SF/YR – NNN. NNN estimated at $3.92/SF/YR based on 2023. Tenant pays approximately $2,240/month (base rent + NNN) + utilities.
2030
| Size | 1,200 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
1,200± SF mixed-use space for lease at College Plaza. Former chiropractic office. Layout includes waiting area, reception, 5 offices, open area, 2 restrooms & back storage area. 10’ ceilings. 3D tour & floor plan available. Offered at $13.00/SF/YR – NNN. NNN estimated at $3.92/SF/YR based on 2023. Tenant pays approximately $1,692/month (base rent + NNN) + utilities. Up to 2,400± SF available.
2032
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,200± SF mixed-use space for lease at College Plaza. Mostly open layout with 19’9” window frontage, 9’11” ceilings, 2 restrooms & storage area. Floor plan & 3D tour available. Offered at $13.00/SF/YR – NNN. NNN estimated at $3.92/SF/YR based on 2023. Tenant pays approximately $1,692/month (base rent + NNN) + utilities. Up to 2,400± SF available.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-051-062.0-100.00 | Improvements Assessment | $744,676 CAD |
| Land Assessment | $404,471 CAD | Total Assessment | $1,149,147 CAD |
PROPERTY TAXES
Presented by
College Plaza | 2018-2028 E 38th St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.