5440 Peach St | Erie, PA 16509
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- LoopNet Team
5440 Peach St
Erie, PA 16509
#1 Store in Region & Early 10+ Yr Extension · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- #1 Performing Store in Region & Top 10% Store in Entire Chain by Sales Volume!! Store Sales More Than Double Chain Average!!
- Absolute NNN Lease Structure with NO MANAGEMENT RESPONSIBILITIES – Tenant Handles ALL Maintenance, Insurance and Taxes Direct
- Directly Across Main Hospital Campus | Millcreek Community Hospital, Part of LECOM Health Nation’s Largest Medical School (4,200 Enrolled Students)
- Ownership Approached by Tenant for Early Long-Term Lease Extension Giving More Than 10 Years of Term with NO Rental Decrease
- Corporately Backed Lease: Recently Upgraded to “Prototype Look” Store Including 2 Drive-Thru Lanes, Updated Signage & Complete Interior Remodel (2020)
- Strong Demographics :Avg Incomes of Approx/ $71k & High Population ofr 145,000 People in 5 Miles | High Traffic Counts on Main Corridor: 27,000 VPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
11,540 SF
Building Class
C
Year Built/Renovated
1999/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.60 AC
Zoning
C-1 - C1, Corridor Commercial (Millcreek Township)
Parking
64 Spaces (5.55 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 33-121-604.0-005.00 | Improvements Assessment | $3,081,200 |
| Land Assessment | $704,800 | Total Assessment | $3,786,000 |
PROPERTY TAXES
Parcel Number
33-121-604.0-005.00
Land Assessment
$704,800
Improvements Assessment
$3,081,200
Total Assessment
$3,786,000
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