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32287902
32287904

2746 W 26TH Street, Erie, PA 16506

GR
PA PA RS142766A
Passport Realty
Listed by Passport Realty
$659,000
37 days on market
Updated 37 days ago

2746 W 26TH Street - AT&T Retail Store

Details
APN 33-071-208.0-014.00, 33-071-208.0-015.00, 33-071-208.0-016.00
Property Type Retail
Sub Type Retail Store
Square Footage 2,256
Cap Rate 7.00%
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 5
Lease Expiration 07/31/2029
Remaining Term 3.1
Lease Options 1 5-Year Option
Year Built 1978
Buildings 1
Stories 1
Acreage 0.560
Zoning C-1
Parking Spaces 30 spaces
Parking Per SqFt 13.30
Investment Type Net Lease
Lease Commencement 08/01/2024
Ground Lease No

Retail | 7.00% ROI | 2,256 SqFt

Marketing description

This property is leased to AT&T mobile's real estate division, Prime Comms. Tenant has demonstrated a long-term committment to this location. Current lease term commenced on August 1, 2024, and there is also a remaining 5-year renewal option. This high-profile location features ample parking and outstanding visibility along the retail corridor of West 26th and Peninsula Drive. Nearby tenants include Long John Silver, Arby's, Burger King, Subway, Ferrier's Ace Hardware, Tim Hortons and McDonald's. Three parcels are included in this sale. Very limited landlord responsibilities; tenants pay all utilities, real estate taxes and maintenance. Priced at a 7% return on investment, this property will provide twice what your bank is paying you on your savings!

Investment highlights

  • Leased to AT&T mobile's real estate division, Prime Comms
  • Tenant has demonstrated a long-term committment to this location
  • Current lease term commenced on August 1, 2024, and there is also a remaining 5-year renewal option
  • High-profile location features ample parking and outstanding visibility along the retail corridor of West 26th and Peninsula Drive
  • Nearby tenants include Long John Silver, Arby's, Burger King, Subway, Ferrier's Ace Hardware, Tim Hortons and McDonald's
  • Three parcels are included in this sale
  • Very limited landlord responsibilities; tenants pay all utilities, real estate taxes and maintenance
  • Priced at a 7% return on investment, this property will provide twice what your bank is paying you on your savings

Listing Contacts

GR
PA PA RS142766A
Passport Realty
Listed by Passport Realty

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Additional Information

Name
Greg Rubino
License
PA RS142766A
Brokerage
Passport Realty, LLC
Title
Real Estate Agent
Brokerage Address
5050 West Ridge Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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