Turkey Hill Investment
For Sale
Contact for pricing
Pending
750 Providence Rd, Scranton, PA 18508
Commercial property featuring Turkey Hill Mini Market in Scranton, PA.
Property SizeContact for details
Days on Market641
Property Features for 750 Providence Rd
General Information
Standard status
Pending
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$87,725
Building Details
Year Built
2012
Buildings
1
Tenancy
Single
Listing Agency:
ERA One Source Realty
(570) 510-5840
Listed By:
Sunita Arora · License #RM061605A
Source:
Crexi
Added: Nov 19, 2024
Changed: Aug 8
Last Checked: Aug 21 at 6:34AM
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
154k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 42%
Groceries 9%
Sheetz
Shops & Services
45,486 visits/mo
0.5 miles
Dunkin' Donuts
Dining
21,885 visits/mo
0.4 miles
Wendy's
Dining
16,633 visits/mo
0.5 miles
Taco Bell
Dining
14,560 visits/mo
0.1 miles
Redner's Warehouse Market
Groceries
13,807 visits/mo
0.4 miles
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Cre — Scranton, PA 18503
- Valley Supermarket — 940 Jefferson Ave, Scranton, PA 18510
- Montage Foods — 890 Providence Rd, Scranton, PA 18508
Frequently Asked Questions
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.
