Turkey Hill Store #196 Net Lease Investment

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Asking Price:
$950,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Available for sale is a net leased Turkey Hill gas station and convenience store with three (3) years remaining on the current lease term and six (6) remaining 5-year extension options with 10% increases every five years. Turkey Hill completed a significant upgrade to the gasoline facilities with the installation of new dispensers and upgraded piping and tank components in May of 2017 exhibiting a commitment to the site.

HIGHLIGHTS:

1. Insulation from inflation risk with both percentage rent and 10% base rent increases every five years.

2. Lessee exhibited commitment to the site as they recently (May 2017) completed a significant upgrade to the gasoline facilities with the installation of new dispensers and upgraded piping and tank components.

3. Property is located adjacent to King’s College.

4. At the asking price of $950,000, the cap rate is 7.2% based on current base rent of $57,420 and percentage rent of $10,740.

5. This is a net lease with few Landlord responsibilities.

About the Business

Location:
Wilkes Barre Township, Pennsylvania
Facilities:
1-story, block exterior, shingle roof, public utilities, gas forced hot air heat, central a/c, tile floor covering.
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Listing Info

ID:
1599897
Ad Detail Views:
0

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Business Listed by

Albert Guari

Mericle Commercial Real Estate

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