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    5702 Perry Hwy Erie, PA 16509

    For Sale
    $741,176

    NN+ leased PPG Paints investment property in Erie, Pennsylvania.

    Property size:
    12,000 SF
    Lot size:
    1.66 Acres

    Property Features for 5702 Perry Hwy

    General Information

    Size
    12,000 SF
    Lot size
    1.66 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Investment Opportunity

    This is an opportunity to acquire the fee simple interest (land & building ownership) in an NN+ leased, PPG Paints investment property located in Erie, Pennsylvania. The tenant, PPG Paints, Inc recently exercised a 5 year option with 2 (5-year) options left to extend, demonstrating their commitment to the site. The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN+ with minimal landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. The property size is 12000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.053414
    Latitude
    42.080513

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    FAQs

    What type of property is this?
    Retail space - NN+ leased PPG Paints investment property in Erie, Pennsylvania.
    Where is this retail space located?
    The property is located at 5702 Perry Hwy Erie, PA.
    What is the asking price?
    The asking price for this property is $741,176.
    What are key features of this property?
    This property features: - NN+ Lease Structure: Enjoy a management-free investment with minimal landlord responsibilities.; - PPG Paints Tenant: Benefit from the stability of an established national tenant.; - Recently Exercised Option: Tenant has demonstrated commitment by exercising a 5-year option.
    (202) 286-1542
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    5702 Perry Hwy Erie, PA 16509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5702 Perry Hwy Erie, PA 16509
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