Active
750 Providence Road
Scranton PA, 18508
$1,700,000
$340.00 per sqft
Active
5,000 sqft
Commercial
Built in 2012
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.
SC5977
MLSⓇ ID
November 19, 2024
Listed
November 22, 2024
Updated
Map
750 Providence Road
Scranton PA, 18508
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.2 Acres
School Information
School District
Scranton
Other Property Details
Garage
No
View
No
County
Lackawanna
Pool
No
Zoning
C1
Listed by Jacob W. Rosenstein with ERA One Source Realty
Listing Contact:
The IDX display contains information sourced from the Greater Scranton Board of REALTORS® as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Greater Scranton Board of REALTORS® all rights reserved.
Data last updated on 11/22/2024 at 6:34 AM UTC