Office Medical
Shawnee Optical
2201-3 W 38th St, Erie, PA 16506
Listing Price: $932,000
Investment Overview
• Triple Net Lease with Longstanding Optical Practice
- 35 + Year Operating History in the Erie, PA Market
• High Yield Medical Investment Property
- 9.50% Cap Rate Provides Strong Cash Flow for Investor
• Passive Ownership Lease Structure
- Tenant Responsible for Taxes, Insurance, and OpEx
• Freestanding 6,000 SF Building with Multi Suite Entry
- Situated on a 0.57-acre parcel
• Excellent Location with Frontage on West 38th St.
- 14,500+ VPD with Immediate Access to I79 (32,000+ VPD)
• Significant Population Density in Immediate Area
- 139,000 Residents within 5 Mile Radius
• Proximity to Major Healthcare Hubs
- 3 Miles from AHN Saint Vincent Hospital
• Corporate Lease with AEG Vision
- AEG has Over 500 Locations and 5,000 Optometrists
Shawnee Optical
Investment Highlights
- • Triple Net Lease with Longstanding Optical Practice - 35 + Year Operating History in the Erie, PA Market
- • High Yield Medical Investment Property - 9.50% Cap Rate Provides Strong Cash Flow for Investor
- • Passive Ownership Lease Structure - Tenant Responsible for Taxes, Insurance, and OpEx
- • Freestanding 6,000 SF Building with Multi Suite Entry - Situated on a 0.57-acre parcel
- • Excellent Location with Frontage on West 38th St. - 14,500+ VPD with Immediate Access to I79 (32,000+ VPD)
- • Significant Population Density in Immediate Area - 139,000 Residents within 5 Mile Radius
- • Proximity to Major Healthcare Hubs - 3 Miles from AHN Saint Vincent Hospital
- • Corporate Lease with AEG Vision - AEG has Over 500 Locations and 5,000 Optometrists
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Financing By
Listing Price: $932,000
Investment Highlights
- • Triple Net Lease with Longstanding Optical Practice - 35 + Year Operating History in the Erie, PA Market
- • High Yield Medical Investment Property - 9.50% Cap Rate Provides Strong Cash Flow for Investor
- • Passive Ownership Lease Structure - Tenant Responsible for Taxes, Insurance, and OpEx
- • Freestanding 6,000 SF Building with Multi Suite Entry - Situated on a 0.57-acre parcel
- • Excellent Location with Frontage on West 38th St. - 14,500+ VPD with Immediate Access to I79 (32,000+ VPD)
- • Significant Population Density in Immediate Area - 139,000 Residents within 5 Mile Radius
- • Proximity to Major Healthcare Hubs - 3 Miles from AHN Saint Vincent Hospital
- • Corporate Lease with AEG Vision - AEG has Over 500 Locations and 5,000 Optometrists
Investment Overview
• Triple Net Lease with Longstanding Optical Practice - 35 + Year Operating History in the Erie, PA Market • High Yield Medical Investment Property - 9.50% Cap Rate Provides Strong Cash Flow for Investor • Passive Ownership Lease Structure - Tenant Responsible for Taxes, Insurance, and OpEx • Freestanding 6,000 SF Building with Multi Suite Entry - Situated on a 0.57-acre parcel • Excellent Location with Frontage on West 38th St. - 14,500+ VPD with Immediate Access to I79 (32,000+ VPD) • Significant Population Density in Immediate Area - 139,000 Residents within 5 Mile Radius • Proximity to Major Healthcare Hubs - 3 Miles from AHN Saint Vincent Hospital • Corporate Lease with AEG Vision - AEG has Over 500 Locations and 5,000 Optometrists
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Financing By
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