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College Plaza 2018-2028 E 38th St
19,868 SF 88% Leased Retail Building Erie, PA 16510 $1,625,000 ($82/SF) 10.82% Cap Rate
Investment Highlights
- Own College Plaza, A 7-Unit Strip Plaza Near Mercyhurst University
- Built in 1987 With Public Utilities & 129 Car Parking Lot
- 87.6% Occupancy - Upside Potential
- 19,868± SF Center With 19,400± SF Rentable Area
- Tenant Mix: Dollar Tree, On The Avenue Salon, Sun Capsule, Jade Garden & CareGivers Home Care
- $175,772 Pro-Forma NOI – Offered At 10.8% Pro-Forma Cap Rate
Executive Summary
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Corner Lot
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.
- Jade Garden Pa Inc
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- On The Avenue
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Sun Capsule
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Jade Garden Pa Inc | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| On The Avenue | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Sun Capsule | Services | 99,999 SF | - | Lorem Ipsum | - |
PROPERTY TAXES
| Parcel Number | 18-051-062.0-100.00 | Improvements Assessment | $524,900 |
| Land Assessment | $285,100 | Total Assessment | $810,000 |
PROPERTY TAXES
-
Sherry Bauer -
SBRE - Sherry Bauer Real Estate Services
Presented by
College Plaza | 2018-2028 E 38th St
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