8180 Perry Hwy - Retail FOR SALE


Erie, PA 16509
$3,347,000 USD
215-603-6914
8180 Perry Hwy, Erie, PA for Sale
$3,347,000 USD
Retail - FOR SALE
1/8
null | 4.75% Cap Rate

8180 Perry Hwy
Erie, PA 16509


HIGHLIGHTS

  • Irreplaceable casino-front location directly at the entrance of Presque Isle Downs & Casino, delivering strong, year-round customer traffic.
  • Top-performing, corporately guaranteed Sheetz with $14B+ in revenue, 800+ locations, and a newly extended 20-year lease after 14 years of operation
  • Passive absolute-net ground lease featuring scheduled rent increases (5% in Year 11, 10% in Year 16, and 10% in each option period).
  • High-visibility interchange site off I-90 and Perry Highway with exposure to 75,000+ VPD, serving casino patrons, travelers, and local residents.
  • Established hospitality and QSR cluster with multiple national hotels and quick-service dining options surrounding the property.
  • Modern full-service Sheetz prototype with fuel, EV charging, and car wash on a 1.89-acre parcel within a dense, high-income, tourism-driven trade area

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 6,225 SF Sheetz property located in Erie, Pennsylvania, strategically positioned at the main entrance to Presque Isle Downs & Casino, one of Northwestern Pennsylvania’s largest year-round entertainment destinations. The property sits on a 1.89-acre parcel along Interstate 90, a major corridor connecting Erie, Buffalo, NY, and Cleveland, OH, with 56,993 vehicles per day on I-90 and 18,312 VPD on Perry Highway. The site benefits from strong visibility, highway-oriented design, and high local and transient traffic, creating a consistently active trade area for fuel, food, and convenience retail.

FOR SALE DETAILS

PRICE

$3,347,000 USD

PRICE/SF

$798 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

AD1

APN/PARCEL ID

40-010-056.0-005.00

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.