Walgreens
4309 Buffalo Rd, Erie, PA, 16510
Erie, PA
Property Details
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Lease Term
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Lease Structure
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Investment Details
Highlights
- Absolute NNN Lease Structure
Zero Landlord responsibilities ideal for a passive income investment. Tenant is responsible for Taxes, Insurance, and Common Area Maintenance, Parking, and Signage. - Long Term Lease
25-year base term ending in 2033 providing stable income into the next decade. - Investment Grade Credit
Walgreens Boots Alliance (NASDAQ: WBA, S&P: BBB/Stable) reporting 2022 sales of over $109 billion. - Serving Neighborhood & Community Needs
Iroquois Elementary School (603 Students), Rolling Ridge Elementary School (451 Students), Tri-Community Public & Outdoor Pools & Waterpark (273,000 visits in 2022), Lawrence Park Police Department, Pennsylvania State Police, Erie County Public Library, Lawrence Park Golf Club, GE Transportation/ Wabtec plant (18,000 Employees). - Proximity to Medical Clinics
Twinbrook Healthcare & Rehab Center, Community Health Net, Seniors Choice Home Care, FYZICAL Therapy & Balance Centers, AHN Health & Wellness, Lorie R. Marsh Dentistry, Compassionate Home Makers, Harbor Homes Medical Clinic.
asking price
$5,987,055
cap rate
6.18%
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