NNN Investment Opportunity

Investment Overview

NNN investment opportunity now available for sale. Ideal opportunity for passive investors seeking a high-quality lease! 100% occupied by strong tenant plus billboard rental income. 9,519± SF single tenant industrial building on two parcels totaling 0.281± acres. Leased by Sargent Electric, which was established in 1907 and has 8 offices in 7 markets across the Midwest, mid Atlantic & Northeast & 1,300+ employees. NNN lease with 3 years remaining & three 1-year renewal options. Billboard provides additional income and is leased by Lamar with 2 years remaining & year-to-year renewal option with 60-day notice of nonrenewal by either party. $76,505/year average annual rent / net operating income on remaining term. 9,519± SF facility is comprised of 80% warehouse & 20% office. 7,652± SF heated warehouse with 14’7” clear ceilings & 3 drive-in overhead doors with drive-thru capacity. Shop includes a utility sink, floor drains, ceiling fans, large drive-thru bay with Reznor gas heat & additional heated bay with infrared heat. 1,611± SF recently renovated & fully climate-controlled office area. Interactive floor plan available. Built in 1947 & impeccably maintained. Fully fenced & paved yard offering abundant off-street parking. Conveniently located in the heart of downtown Erie across from UPMC Baseball Stadium with easy access to I-79, I-90 & major local thoroughfares. Zoned C-3, Central Commercial, offering flexibility with many permitted uses. Offered at $975,000 – 7.8% cap rate. Contact broker to learn more or schedule a tour.

Investment Highlights

• Ideal Opportunity For Passive Investors Seeking A High-Quality Lease
• 100% Occupied By Strong Tenant Plus Billboard Rental Income
• 9,519± SF Single Tenant Industrial Building On Two Parcels Totaling 0.281± Acres
• Tenant: Sargent Electric - Established In 1907 With 8 Offices In 7 Markets Across The Midwest, Mid Atlantic & Northeast & 1,300+ Employees
• NNN Lease With Annual Escalations, 3 Years Remaining & Three 1-Year Renewal Options
• Billboard Leased By Lamar With 2 Years Remaining & Year-To-Year Renewal Option With 60-Day Notice Of Nonrenewal By Either Party
• $76,505/Year Average Annual Income On Remaining Term
• 9,519± SF Facility Comprised Of 80% Warehouse & 20% Office - Floor Plan Available
• 7,652± SF Heated Warehouse With 14’7” Clear Ceilings & 3 Drive-In Overhead Doors With Drive-Thru Capacity
• 1,611± SF Recently Renovated & Fully Climate Controlled Office Area
• Fully Fenced & Paved Yard Offering Abundant Off-Street Parking
• Conveniently Located In The Heart Of Downtown Erie Across From UPMC Park Baseball Stadium With Easy Access To I-79, I-90 & Major Local Thoroughfares
• Zoned C-3, Central Commercial, Offering Flexibility With Many Permitted Uses
• Offered At $975,000 – 7.85% Cap Rate