Descriptif

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in the GetGo Café + Market and WetGo Car Wash (“GetGo”) located at 1655 W Bayfront Parkway, Erie, PA (the "Property" or "Asset"). GetGo currently operates under an absolute NNN lease with ±9.6 years of remaining term.The lease features attractive 2.5% rent increases every 5 years during its eight, 5-year renewal options and zero landlord responsibilities.

GetGo is a national convenience and gas chain with 278 locations across Indiana, Maryland, Ohio, Pennsylvania, and West Virginia. GetGo’s parent, Alimentation Couche-Tard, boasts a robust BBB+ (stable) credit-rating per S&P.

Broker of Record: Mark Popovich

License #: RM424507

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Attributs

Superficie du bâtiment nette

569 mètres carrés

Occupation

100 %

Année de construction

2015

Superficie du terrain nette

0,72 ha

WAULT

9.6 années

Média

Points forts de l'investissement

Strong Parent Company Backing: GetGo operates as a subsidiary of Alimentation Couche-Tard, an investment-grade (BBB+) global convenience and fuel operator with approximately 17,300 locations worldwide.
Long-Term Absolute NNN Lease with Extension Options: The Property is secured by an absolute NNN lease with ±9.6 years of remaining term, zero landlord responsibilities, and eight 5-year renewal options.
Prime Erie Location with Strong Traffic Counts: Positioned directly adjacent to I-79 and along W Bayfront Parkway, the Property benefits from immediate access and visibility to more than 50,000 vehicles daily along a major regional corridor connecting Erie to Pittsburgh, Cleveland, and the Great Lakes region.
Dense Demographics & Established Consumer Base: The surrounding area includes approximately 159,644 residents within a 5-mile radius, supported by approximately 59,344 households and average household incomes exceeding $79K within 5 miles.
Strategically Located Within a Major Regional Commercial Corridor: Erie serves as northwestern Pennsylvania’s primary commercial and logistics hub, benefiting from strong connectivity to Pennsylvania, Ohio, and New York, while supporting a diverse economy driven by healthcare, manufacturing, logistics, insurance, and tourism.
Strong Retail & Community Demand Drivers: The Property features the rare combination of a GetGo Café + Market and WetGo Car Wash and is positioned near Erie’s downtown core, major employers including Erie Insurance and UPMC Hamot, and the Lake Erie Bayfront district, which continues to benefit from ongoing public and private investment.