151 E 10TH Street

NNN investment opportunity for sale. 9,519±SF single tenant industrial building on two parcels totaling 0.281± acres zoned C-3. Ideal opportunity for passive investors seeking a high-quality lease! 100% occupied by strong tenant plus billboard rental income. Tenant is Sargent Electric with 3 years remaining on a NNN lease with three 1-year renewal options. Billboard lease provides additional income with 2 years remaining & year-to-year renewal option with 60-day notice of nonrenewal by either party. $76,505/year average NOI 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. 1,611±SF modern, fully climate-controlled office area. Floor plan available. Fully fenced, paved yard offering abundant off-street parking. Conveniently located in downtown Erie across with easy access to I-79, I-90 & major local thoroughfares. Offered at $975,000 – 7.85% cap rate.