5702 Perry Hwy Erie, PA

Listing Agency SRS Real Estate Partners | McLean a***@srsre.com Show Phone

Listed by Andrew Fallon · License #RSR006585 Show Phone

Source Moodyscre

Added: May 14, 2025 Updated: Jul 6 at 9:56 am Checked: Jul 19 at 5:13 am

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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.