PPG Paints - Erie, PA 5700 Perry Hwy 12 000 pi² Commerce de détail Immeuble Erie, PA 16509 1 017 486 $ CAD (84,79 $ CAD/pi²) 8,50% Taux de capitalisation

SRS Real Estate Partners-Northeast, LLC is pleased to offer the 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 PPG Paints is located near the signalized, hard corner intersection of Perry Hwy and Young Rd with a combined (17,400+ VPD). Perry Blvd, is the major thoroughfare serving the city of Erie. The PPG Paints benefits from its strategic positioning along a high-traffic corridor with excellent visibility on U.S. Route 19. This major arterial road supports strong brand recognition and easy access for both retail customers and contractors. The surrounding area includes a balanced mix of residential neighborhoods and commercial properties, providing a steady customer base. The site offers ample parking and convenient access, which is essential for frequent visits and large order pickups. Additionally, this stretch of Perry Hwy has limited direct competition in the immediate vicinity, allowing PPG to capture local market share without the saturation found in busier retail zones. The store also benefits from being part of an established commercial area, drawing consistent traffic from nearby businesses while standing out as a specialty destination. Erie itself supports a solid base of construction and property maintenance activity, making this location well-positioned for repeat business and long-term viability.