750 Providence Rd, Scranton, PA 18508

Building Details

Year Built

2012

Listing office ERA One Source Realty s***@gmail.com Show Phone

Listing date Nov 19, 2024

Source Crexi

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Overview

This commercial property, located at 750 Providence Rd., Scranton, PA, presents an investment opportunity. The property features a Turkey Hill Mini Market, supported by a corporate guarantee from EG Group. The location benefits from high visibility and accessibility in a bustling area, attracting local and commuter traffic. Turkey Hill, backed by EG Group, brings long-term stability, with a lease structure that includes rent escalations every five years. The Net Operating Income (NOI) is $87,725. The lease term is a 15-year lease with six 5-year options with increases every five years. Scranton, PA, is undergoing revitalization with a strong industrial heritage and a thriving arts scene. The population within 5 miles exceeds 123,000, with a median household income of $56,251. The property is surrounded by a mix of residential, commercial, and educational institutions. Turkey Hill offers a range of products and services, including ATMs, lottery tickets, and pay-at-the-pump fuel. Many stores operate 24/7. EG Group has a proven track record of growth and innovation in the convenience store sector.

Suggested Use

Real Estate Agency Building Supply Storage Facility Hotel & Motel Garden Center Big Box & Wholesale Store Kitchen & Bath Showroom Spa & Massage Center Discount Store Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Montage Foods — 890 Providence Rd, Scranton, PA 18508

Location Insight

• Map
• Local Demand

City

Scranton

County

Lackawanna

State

Pennsylvania

Longitude

-75.664735

Latitude

41.4185303

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FAQs

What type of property is this?

Grocery and convenience store - Commercial property featuring Turkey Hill Mini Market in Scranton, PA.

Where is this grocery and convenience store located?

The property is located at 750 Providence Rd Scranton, PA.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Strong corporate guarantee from EG Group.; Robust 15‑year lease with options and rent increases.; Net Operating Income (NOI) of $87,725 from Turkey Hill.