4309 Buffalo Rd | Erie, PA 16510
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- LoopNet Team
4309 Buffalo Rd
Erie, PA 16510
10 year Walgreens-one of the Highest Cap Rate · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Hard corner traffic exposure access via both I-20 Buffalo Road and Nagle Road situated at a 4-way stoplight intersection.
- Long term lease 25-year base term ending in 2033 providing stable income into the next decade.
- One of the top three (3) drugstores in the USA competitive operation strategies fighting for profitable market presence.
- Absolute NNN Lease structure zero landlord responsibilities ideal for a passive income investment.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.22 AC
Zoning
AB3 - Commercial
Parking
47 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 27-051-151.0-020.00 | Improvements Assessment | $5,592,432 |
| Land Assessment | $284,400 | Total Assessment | $5,876,832 |
PROPERTY TAXES
Parcel Number
27-051-151.0-020.00
Land Assessment
$284,400
Improvements Assessment
$5,592,432
Total Assessment
$5,876,832
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