750 Providence Rd Scranton, PA 18508

This prime commercial property at 750 Providence Road, Scranton, PA, presents a compelling investment opportunity. The 5,000 square foot building houses a thriving Turkey Hill Mini Market, operating under a robust 15-year lease with six 5-year options, ensuring long-term income stability. The lease includes rent escalations every five years, providing predictable growth. The tenant, Turkey Hill, is backed by the EG Group, a major international convenience store operator with over 267 locations across Pennsylvania, Ohio, and Indiana, offering significant financial strength and security. The property's Net Operating Income (NOI) is $87,725, based on the Turkey Hill lease. Situated on a 1.2-acre lot, the property offers significant developable land, presenting opportunities for future expansion or the addition of complementary businesses. The location in Scranton boasts high visibility and accessibility, benefiting from a strong local and commuter traffic flow. The surrounding area includes a mix of residential, commercial, and educational institutions, supporting a diverse customer base. The Scranton market, with a population exceeding 123,000 within a 5-mile radius and a median household income of $56,251, is experiencing revitalization, creating a positive economic environment. The asking price for this exceptional investment is $1,700,000.