Walgreens

4309 Buffalo Rd, Erie, PA, 16510
Erie, PA
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Property Details

Available
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
$5,285,714
cap rate
7.00

Contact Us

Tiffany Trinidad
818-371-1124