AEG Vision | 9.50% CAP | NNN Lease
Longstanding Optical Practice | 35+ Year Operating History
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
•Interior Renovated in 2018
-Modernized for improved functionality and appeal
•Excellent Location with Frontage on West 38th St.
- 14,500+ VPD with 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
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