532 Hazle St Wilkes-Barre, PA 18702
Property profile & analytics
Location Intelligence
Current Use by Public Records
- UNI-MART / Department Store
- Brothers Inc / Grocery & Convenience Store
- Western Union / Bank / Credit Union
Property Details for 532 Hazle St
- Lot size
- 0.22 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a fee-simple ownership of a thriving Fuel On gas station located at 532 Hazle St, Wilkes-Barre, Pennsylvania, 18702. The property boasts a 2,000 square foot building situated on a 0.22-acre lot in a high-traffic area with over 17,000 vehicles passing daily. Currently operating under a 20-year absolute NNN lease with a reputable, growing operator of 36 units, this investment offers significant financial stability. The lease includes annual rent bumps of 2.5%, providing protection against inflation. The tenant is responsible for all property maintenance, insurance, and taxes, creating a truly passive investment for the owner. The asking price is $2,084,963, representing a price per square foot of $1,042.48 and an attractive 8.00% cap rate based on a current Net Operating Income (NOI) of $166,797. The lease features four 5-year renewal options, further enhancing the long-term value of this asset. Comprehensive financial records, including trailing three years of site-level financials and corporate financials, are available for review. This property also qualifies for bonus depreciation (60% in Year 1), offering significant tax advantages. This is a rare opportunity to acquire a stable, high-performing, and low-maintenance commercial property with substantial long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilkes-Barre
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.8934
- Latitude
- 41.2266
