Remarks

Prime Commercial Investment Opportunity - Turkey Hill, Scranton, PAERA One Source Realty is pleased to exclusively present an exceptional investment opportunity at 750 Providence Rd., Scranton, PA. This property features a Turkey Hill Mini Market with a strong corporate guarantee from EG Group, a leading international convenience store operator.Key Highlights:Location and Visibility:Strategically located in Scranton, PA, this property benefits from high visibility and accessibility. Positioned in a bustling area, it attracts a steady flow of local and commuter traffic.Tenant Strength and Lease Structure:Turkey Hill, a well-established convenience store brand, is backed by EG Group, which operates over 267 locations across Pennsylvania, Ohio, and Indiana. The tenant brings long-term stability, with a lease structure that includes predictable rent escalations every five years.Property Details:Pricing: $1,700,000.Net Operating Income (NOI): $87,725 (Turkey Hill)Lease Term: Robust 15-year lease with (6) 5 year options with increases every five years ensures long-term value.Developable Potential:In addition to the existing Turkey Hill Mini Market, the property includes developable land, offering investors the opportunity to enhance the site's income potential or create complementary uses.Market and Demographics:Located in Scranton, PA, a city undergoing revitalization with a strong industrial heritage and a thriving arts scene.Population within 5 miles exceeds 123,000, with a median household income of $56,251.Surrounded by a mix of residential, commercial, and educational institutions, ensuring a diverse customer base.

Details

MLS#: SC5977
Price: $1,700,000

Style: Retail
Bedrooms: 0
Sq Ft: 5000
Year Built: 2012

County: Lackawanna
Lot Size: 100x100x100x100
Tax Fee: 0

School District: Scranton