Net Leased Turkey Hill Gas
198 N Pennsylvania Avenue Wilkes Barre, PA 18702
For Sale
Contact for pricing
Pending
Net leased gas station and convenience store with three years remaining and multiple five-year extension options.
Days on Market105
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: Jul 23
Last Checked: Jul 23 at 4:39AM
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
Location Intelligence
Current Use by Public Records
Turkey Hill
Gas Station
Redbox
Cinema
PNC ATM
Atm
FAQs
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.
