901 Wyoming Ave Wyoming, PA 18644
High-Yield NNN Lease, Excellent ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
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
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield NNN Lease, Excellent ROI
- Where is the retail property located?
- The property is located at 901 Wyoming Ave Wyoming, PA.
- What is the asking price?
- The asking price for this property is $3,750,000.
- What are key features of this property?
- This property features: $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.
- How can I contact the broker?
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