3806 Ridge RdErie, PA 16506

This exceptional investment opportunity presents a stabilized, dual-tenant retail property located at 3806 W Ridge Rd, Erie, PA 16506. The property consists of two buildings totaling 7,549 square feet on a 54-acre lot, built in 1963 and zoned B. Currently 100% occupied by two tenants, including a franchisee, under pure triple-net (NNN) leases with one corporate guarantee. The leases have a remaining term of four years, providing immediate cash flow and long-term stability. The property boasts a strong net operating income (NOI) of $60,832, translating to a compelling 9.36% capitalization rate and a price per square foot of $86.10. The asking price for this turnkey investment is $650,000. This is a fantastic addition to any investment portfolio, offering passive income with minimal management responsibilities. No businesses are included in the sale. The property features a single story design and is situated in Erie County. The property's location and tenant mix contribute to its consistent performance and promising future outlook. This is a rare opportunity to acquire a well-performing, low-maintenance investment property with significant upside potential. The property's APN is 33-054-227.0-011.00.