Turkey Hill Store #196 Net Lease Investment

Wilkes Barre Township, PA (Luzerne County)

Turkey Hill Store #196  Net Lease Investment
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Asking Price: $950,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Turkey Hill Store #196 Net Lease Investment

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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.

Detailed Information

Facilities:
1-story, block exterior, shingle roof, public utilities, gas forced hot air heat, central a/c, tile floor covering.
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Albert Guari

Business Listed By:
Albert Guari

Mericle Commercial Real Estate

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