Net Leased Turkey Hill Gas
For Sale
Contact for pricing
Pending
198 N Pennsylvania Avenue, Wilkes Barre, PA 18702
Net leased gas station and convenience store with three years remaining and multiple five-year extension options.
Property SizeContact for details
Days on Market151
Property Features for 198 N Pennsylvania Avenue
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Mericle Commercial Real Estate Services
Listed By:
Daniel Naylor · License #PA RS289195
Source:
Crexi
Added: Apr 10
Changed: Aug 26
Last Checked: Sep 6 at 10:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mericle Commercial Real Estate Services
Investment Insights
Based on property information with market context.
Available for sale is a net leased Turkey Hill gas station and convenience store with three years remaining on the current lease term. The lease also includes six remaining five-year extension options with 10% increases every five years.
The gasoline facilities were significantly upgraded in May 2017, including the installation of new dispensers and upgraded piping and tank components. The property is located adjacent to King’s College.
This is structured as a net lease with few landlord responsibilities, aligning operational costs with the tenant during the remaining term and through the extension options.
The gasoline facilities were significantly upgraded in May 2017, including the installation of new dispensers and upgraded piping and tank components. The property is located adjacent to King’s College.
This is structured as a net lease with few landlord responsibilities, aligning operational costs with the tenant during the remaining term and through the extension options.
Key Highlights
- Net leased Turkey Hill gas station and convenience store with 3 years remaining on the current lease term.
- Six (6) remaining 5‑year extension options with 10% base rent increases every five years.
- Lease includes percentage rent plus 10% base rent increases every five years.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,014
Businesses Nearby
137k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Apparel 27%
Shops & Services 26%
Groceries 12%
Boscov's
Apparel
37,540 visits/mo
0.5 miles
McDonald's
Dining
27,698 visits/mo
0.4 miles
Bravo Supermarkets
Groceries
16,213 visits/mo
0.3 miles
Citgo
Shops & Services
8,804 visits/mo
0.3 miles
Dollar General
Shops & Services
8,525 visits/mo
0.2 miles
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Net leased gas station and convenience store with three years remaining and multiple five-year extension options.
Where is this gas station located?
The property is located at 198 N Pennsylvania Avenue Wilkes Barre, PA.
What are key features of this property?
This property features: Net leased Turkey Hill gas station and convenience store with 3 years remaining on the current lease term.; Six (6) remaining 5‑year extension options with 10% base rent increases every five years.; Lease includes percentage rent plus 10% base rent increases every five years.
