FOR SALE – 10% Cap Retail Investment | $140,400 Annual Rent| NNN Lease
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Fully leased 8,550 SF retail investment property occupied by Kick Ass Smoke Shop under a long-term NNN lease generating $140,400 annual rental income ($11,700/month). Approximately 19 years remain on the lease with a 10-year renewal option. Tenant pays property taxes, insurance, maintenance, and other operating expenses, providing a passive investment opportunity with stable cash flow. Former CVS Pharmacy location on busy South Main Avenue in Scranton, PA.
About the Property
- Type
- Retail
- Building Status
- Established
- Facilities & Assets
- Investor Opportunity – 10% Cap Rate NNN Retail Investment
Fully leased 8,550 SF retail property occupied by Kick Ass Smoke Shop under a long-term NNN lease generating $140,400 annual rental income ($11,700/month).
The lease has approximately 19 years remaining, plus a 10-year renewal option, providing stable, predictable cash flow for years to come.
Formerly a CVS Pharmacy, the property features excellent visibility on busy South Main Avenue, a large lighted pylon sign, tenant-controlled HVAC, air conditioning, and ample parking.
Highlights:
10% Cap Rate
$140,400 Annual NNN Income
19 Years Remaining + 10-Year Option
8,550 SF Retail Building
Approx. $16.42/SF Rent
High-Traffic Retail Corridor
Strong Passive Income Investment
Ideal for investors seeking long-term, hands-off cash flow with a stable tenant in place. - Location Description
- Location DescriptionLocated on busy South Main Avenue in Scranton, PA, this high-visibility retail property benefits from strong traffic counts, excellent frontage, a large lighted pylon sign, and ample parking. The site offers easy access to major highways, downtown Scranton, and surrounding residential communities, making it a well-positioned long-term retail location.
- Current and Prior Use
- Current & Prior UseCurrently operating as a convenience store and smoke shop (Kick Ass Smoke Shop). Previously occupied by CVS Pharmacy, demonstrating the property's long-standing suitability for high-volume retail use.
- Year Built
- 2000
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Current Property Expenses
- Current Property Expenses: Tenant responsible for all real estate taxes, insurance, maintenance, repairs, utilities, snow removal, landscaping, and other property operating expenses pursuant to the NNN lease.
Listing Info
- ID:
- 2518434
- Listing Views:
- 59
Business Location
Listing ID: 2518434 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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