750 Providence Road, Scranton, PA 18508 (MLS# SC-5977)

Prime Commercial Investment Opportunity - Turkey Hill, Scranton, PA ERA One Source Realty is pleased to exclusively present an exceptional investment opportunity at 750 Providence Rd., Scranton, PA. This property features a Turkey Hill Mini Market with a strong corporate guarantee from EG Group, a leading international convenience store operator. Key Highlights: Location and Visibility:Strategically located in Scranton, PA, this property benefits from high visibility and accessibility. Positioned in a bustling area, it attracts a steady flow of local and commuter traffic. Tenant Strength and Lease Structure:Turkey Hill, a well-established convenience store brand, is backed by EG Group, which operates over 267 locations across Pennsylvania, Ohio, and Indiana. The tenant brings long-term stability, with a lease structure that includes predictable rent escalations every five years. Property Details: Pricing: $1,700,000. Net Operating Income (NOI): $87,725 (Turkey Hill) Lease Term: Robust 15-year lease with (6) 5 year options with increases every five years ensures long-term value. Developable Potential:In addition to the existing Turkey Hill Mini Market, the property includes developable land, offering investors the opportunity to enhance the site's income potential or create complementary uses. Market and Demographics: Located in Scranton, PA, a city undergoing revitalization with a strong industrial heritage and a thriving arts scene. Population within 5 miles exceeds 123,000, with a median household income of $56,251. Surrounded by a mix of residential, commercial, and educational institutions, ensuring a diverse customer base.