For Sale
$2,492,138

120 Montmorenci RdRidgway, PA 15853

High-yield, 20-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
113

Highlights

  • Fee-simple ownership of a 2,600 SF gas station in Ridgway, PA, with an 8% cap rate and $199,371 NOI.
  • Lease guaranteed by a growing, 36-unit operator with available corporate financials.
  • Property boasts a strong financial history with three years of financials available for review.
  • 2.5% annual rent increases protect against inflation.
  • 20-year absolute NNN lease; tenant responsible for all property expenses.
  • Qualifies for accelerated and bonus depreciation (60% in Year 1).

Property Details for 120 Montmorenci Rd

Property type
Retail properties, Gas stations
Square Feet
2,600 SF
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Ridgway
County
Elk
State
Pennsylvania
Latitude
41.42147025
Longitude
-78.73899582
120 Montmorenci Rd, Ridgway, Pennsylvania
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120 Montmorenci Rd
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