5440 Peach St - Drug Store FOR SALE
Erie, PA 16509 |
5440 Peach St
Erie, PA 16509
HIGHLIGHTS
- #1 Performing Store in Region & Top 10% Store in Entire Chain by Sales Volume! Store Sales More Than Double Chain Average!
- Single-Tenant Rite Aid: Ownership Approached by Tenant for Early Long-Term Lease Extension Giving More Than 10 Years of Term with NO Rental Decrease
- Absolute NNN Lease Structure with NO MANAGEMENT RESPONSIBILITIES – Tenant Handles ALL Maintenance, Insurance and Taxes Direct
- Major Hospital Expansion: Approved Plans for New 22,920 S.F. Dudley Medical Center(Adjacent to Rite Aid) & Approved 34k+ S.F. ER & ICU Directly Across
- Directly Across the Street from Main Hospital Campus & Adjacent to Other Medical Providers
- High Traffic Counts 27k+ VPD Along Peach Street & Convenient Highway Access Just East of I-79 46k VPD | 145,000 People w/ $71k Avg. Incomes in 5 Miles
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
#1 Store in Region & Early 10+ Yr Extension
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront, Medical
TOTAL BUILDING SIZE
11540
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
64
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
33-121-604.0-005.00
