Retail Space
2725 Market Street Warren, PA 16365
Details & Description
Price: $1,143,000
    SRS National Net Lease Group is pleased to present the rare opportunity to acquire Applebee’s, an absolute NNN ground leased, investment property located in Warren, Pennsylvania. The tenant, Applebee’s, has more than 4 years remaining on their primary lease term with 2 (5-year) option periods. The lease features a $5,000 rental increase at the beginning of the first option period. The lease is absolute NNN ground with zero landlord responsibilities and is guaranteed by the franchisee, Scott Enterprises.
    Property ID:    253447
    Property URL: melqr.com/253447
    Generated:    04-20-24
    Listing Agents
    Dan Elliott

    O: 312-279-5342
    dan.elliot@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Pennsylvania / Warren / 16365 / 2725 Market Street

    2725 Market Street

    Warren, PA 16365

    Listing ID: 253447
    Print Single-Page Version
    • 2725 Market Street Warren, PA 16365 | for Sale | Photo 1
    • 2725 Market Street Warren, PA 16365 | for Sale | Photo 2
    2725 Market Street | for Sale | Thumbnail 1
    2725 Market Street | for Sale | Thumbnail 2
    Building Size: 6,400 SF
    Lot Size: 1.670 AC
    Land Size: 72,745 SF
    Building $/SF: $178.59
    Land $/SF: $15.71
    Price
    $1,143,000
    Description

    SRS National Net Lease Group is pleased to present the rare opportunity to acquire Applebee’s, an absolute NNN ground leased, investment property located in Warren, Pennsylvania. The tenant, Applebee’s, has more than 4 years remaining on their primary lease term with 2 (5-year) option periods. The lease features a $5,000 rental increase at the beginning of the first option period. The lease is absolute NNN ground with zero landlord responsibilities and is guaranteed by the franchisee, Scott Enterprises.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Warren Area Market Trends

    Listing Demographics for 2725 Market Street Warren, PA 16365

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population1,23410,98917,634
    Population Median Age434445
    Population by Age0-9 Yrs112 (9%)1014 (9%)1669 (9%)
    10-19 Yrs87 (7%)1162 (10%)1783 (10%)
    20-29 Yrs292 (23%)1425 (12%)1952 (11%)
    30-39 Yrs75 (6%)1138 (10%)1818 (10%)
    40-49 Yrs127 (10%)1239 (11%)2097 (11%)
    50-59 Yrs162 (13%)1633 (14%)2693 (15%)
    60-69 Yrs206 (16%)1646 (14%)2807 (15%)
    70+ Yrs172 (13%)1732 (15%)2815 (15%)
    Median HH Income$51,552$44,610$48,788
    Total Household Income< 24K97 (18%)1312 (26%)1849 (22%)
    25-49K155 (29%)1480 (29%)2252 (28%)
    50-74K111 (21%)897 (17%)1578 (19%)
    75-99K69 (13%)550 (10%)1005 (12%)
    100-199K88 (16%)670 (13%)1155 (14%)
    200K+1 (0%)120 (2%)202 (2%)
    Highest Education LevelNo Diploma39464740
    Diploma or GED39334305517
    Some College19414242384
    Assoc. Degree1098981505
    Bachelors Degree10113672141
    Higher Degree396251069
    Total Housing Units6365,7439,120
    --Owner-Occupied4263,2105,553
    --Renter-Occupied951,8202,489
    Owner-Occupied Values< 100K26218092971
    100-199K1469591769
    200-299K14276538
    300-399K386146
    400-499K12038
    500K+16191
    Total Working Age Population1,0759,34414,927
    In Work Force6465,4248,788
    Not In Work Force4293,9206,138
    Workforce Employed6445,2368,473
    Workforce Unemployed2189316
    Civlian Workforce6465,4248,788
    Military Workforce000
    Total Households5225,0298,042
    Family Households3552,8144,703
    Non-Family Households1672,2153,339
    Married Couple2412,1603,698
    Other Family1146541,005
    Married w/Child486831,061
    Single Male w/Child25122190
    Single Female w/Child31266370

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Warren County43,863-541,815-340,605-339,459

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2725 Market Street in Warren?
    The asking price for 2725 Market Street is $1,143,000
    What is the building size of this Retail property in Warren, PA?
    The size of the building/unit at 2725 Market Street in Warren is 6,400 square feet
    How much land does the Warren, PA property at 2725 Market Street include?
    2725 Market Street in Warren includes 1.670 acres of land
    What kind of Retail is the propery at 2725 Market Street?
    The property at 2725 Market Street Warren, PA 16365 is listed as a Food Service Retail property
    What is the population within 1 mile of 2725 Market Street in Warren?
    The population within 1 mile of 2725 Market Street Warren, PA 16365 is 1,234 people.
    Who do I contact for questions about 2725 Market Street?
    You should contact the listing agent, Dan Elliott, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Erie International Tom Ridge Field (ERI) 54
    Buffalo Niagara International Airport (BUF) 76
    Pittsburgh International Airport (PIT) 111
    Price
    $1,143,000
    Listing Agent
    Dan Elliott - CRE Agent at

    Dan Elliott

    SRS Chicago

    VIEW AGENT PROFILE

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