For Sale
$3,750,000

901 Wyoming AveWyoming, PA 18644

High-Yield NNN Lease, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a thriving Fuel On gas station in Wyoming, Pennsylvania. Located at 901 Wyoming Ave, this 7,000 square foot property sits on a 0.53-acre lot and boasts a 20-year absolute NNN lease with a reputable, growing operator of 36 units. The lease includes annual rent bumps of 2.5%, providing inflation protection and a strong return on investment. The current asking price is $3,750,000, representing a compelling cap rate of 8.00% and a price per square foot of $535.71. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $300,000 annually. The lease features four 5-year renewal options, further securing long-term cash flow. The tenant is responsible for all property maintenance, insurance, and taxes, minimizing owner responsibilities. This property benefits from high traffic counts exceeding 17,533 vehicles daily, ensuring consistent customer flow. Financial records for the past three years are available for review, showcasing the site's consistent and growing profitability. The lease is guaranteed by the tenant's corporate entity, providing additional security for investors. This is a truly passive investment opportunity with significant upside potential. The property qualifies for accelerated depreciation.

Highlights

  • $3,750,000 asking price for a fee simple interest in a 7,000 square foot, absolute NNN leased gas station.
  • 20-year lease with Fuel On, a growing 36-unit operator, providing a passive investment with 2.5% annual rent bumps.
  • 8.00% cap rate and $300,000 annual net operating income (NOI) based on 100% occupancy.
  • Located on a 0.53-acre lot in Wyoming, PA, with high traffic counts exceeding 17,533 vehicles per day.
  • The lease includes four 5-year renewal options.

Property Details for 901 Wyoming Ave

Property type
Retail properties, Gas stations
Square Feet
7,000 SF
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Wyoming
County
Luzerne
State
Pennsylvania
Latitude
41.301912
Longitude
-75.8521948
901 Wyoming Ave, Wyoming, Pennsylvania

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901 Wyoming Ave
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