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750 Providence Rd Scranton, PA 18508

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Commercial property featuring Turkey Hill Mini Market in Scranton, PA.

Type:Retail
Added:
Nov 19, 2024
Days on Market:
510
Last Refresh:
Mar 17 at 1:14 pm

Property Features for 750 Providence Rd

General Information

Standard status
Active
Property subtype
Retail

Building Details

Year Built
2012

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Listing Contact
Sunita Arora

Listing agent Sunita Arora License #RM061605A

Listing office ERA One Source Realty

Listing date Nov 19, 2024

Source Crexi

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


Overview

Turkey Hill Investment Opportunity

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Western Union Bank Turkey Hill Minit ... Grocery & Convenience Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

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.
More about this property
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