Shrewsbury Commons

582 Shrewsbury Commons Avenue, Shrewsbury, PA 17361

For Lease

1,600 - 3,888 SF

Shrewsbury Commons

582 Shrewsbury Commons Avenue, Shrewsbury, PA 17361

For Lease

1,600 - 3,888 SF

  • Shrewsbury Commons

Property Details


Building Size:

295,821 SF

Property Type:

Anchored Center

Price:

$21.00/SF

Vacant Space:

9,588 SF

Tenancy:

Multi

Traffic Counts:

E. Forrest Ave: 19,000 VPD
I-83: 38,000 VPD

Population:

3 Miles: 12,188
5 Miles: 29,027
7 Miles: 40,652

Building Status:

Existing

NNN PSF:

$4.00

JOIN:

Walmart, Advance Auto Parts, KFC, Taco Bell, McDonald's, Subway, Verizon, Fulton Bank, Pet Valu, Citizens Bank, Holiday Hair, Boost Mobile, UPS Store, GNC, Anytime Fitness, Arby's, Fine Wine and Good Spirits, GameStop and Dollar Tree

Project Description


Shrewsbury Commons is a 295,821 square-foot anchored retail shopping center centrally located in Shrewsbury, Pennsylvania, situated at a signalized intersection along Mt. Airy Road (Route 841) and East Forrest Avenue. The center is anchored by a Walmart Supercenter, with other leading, national retailers such as GameStop, Dollar Tree, PetValu, GNC and Anytime Fitness, just to name a few. With its traffic generating tenant lineup, this project is the primary shopping destination in the Shrewsbury market, as well as the surrounding trade areas. Because of its Walmart Supercenter anchor, this project caters to consumers from over 10 miles away in each direction.

Location Description:


Shrewsbury Commons is strategically positioned with significant front in the market’s primary retail corridor along East Forrest Avenue. The center benefits from the high-volume traffic flow of East Forrest Avenue (19,000 CPD) and Mt. Airy Road. East Forrest Avenue acts as the area’s focal point for retail and provides customers access to I-83 (38,000 CPD), which is the main North/South roadway in the area. With the high concentration of traffic driven by the anchor tenants located within Shrewsbury Commons, and the surrounding retail, the center pulls from the immediate trade area, as well as the surrounding smaller markets as well.

Trade Area Description:


Adding to the stability of the project, Shrewsbury Commons shows a 20-minute drive time demographic of over 230,120 people with household incomes of more than $81,034 and daytime employment demographics equally as strong with 114,136. The demographics within a 10-mile radius include 89,426 people in 34,493 homes, a labor force of 21,116 with an average household income of $91,540. The area’s growth since 2000 has increased over 14.7% with 5,071 new homes.

Property Location:


AVAILABLE SPACE: 9,588 SF

558

Space Size: 2,500 SF
Offering: For Lease
Space Type: Retail
Lease Rate: $21.00 SF/yr
Lease Type: NNN

570

Space Size: 3,888 SF
Offering: For Lease
Space Type: Retail
Lease Rate: $21.00 SF/yr
Lease Type: NNN

586

Space Size: 1,600 SF
Offering: For Lease
Space Type: Retail
Lease Rate: $21.00 SF/yr
Lease Type: NNN
Date Available: March 12, 2020

630

Space Size: 1,600 SF
Offering: For Lease
Space Type: Retail
Lease Rate: $21.00 SF/yr
Lease Type: NNN

582 Shrewsbury Commons Avenue, Shrewsbury, PA, USA

582 Shrewsbury Commons Avenue, Shrewsbury, PA, USA

Brokers

Abe Khan

Senior Sales & Leasing Associate, Retail
717.843.5555 x231

717.891.0836

akhan@bennettwilliams.com

Brad Rohrbaugh
Brad Rohrbaugh
Executive VP, Retail Director
717.843.5555

717.891.7368

brohrbaugh@bennettwilliams.com

Chad Stine

President & CEO
717.843.5555

717.968.7505

cstine@bennettwilliams.com

More Info

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