Current Use by Public Records
- CITGO / Gas Station
- Freedom Gateway Bitcoin ATM / Currency Exchange Service
- Mahaffey Oil Co Inc / Factory / Production Facility
Property Details for 10 Carverton Rd
- Lot size
- 0.20 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 in Trucksville, Pennsylvania. The property boasts a 20-year absolute NNN lease with a reputable, growing 36-unit operator, providing a truly passive investment. The lease includes annual rent bumps of 2.5%, mitigating inflation risks and ensuring consistent returns. The 700 square foot station sits on a 0.2-acre lot and benefits from high traffic counts exceeding 17,979 vehicles daily. The property's strong financial performance is evidenced by a robust NOI of $135,000, resulting in an attractive 8.00% cap rate. The asking price is $1,687,500, translating to $2,410.71 per square foot. The lease features four 5-year renewal options, further enhancing long-term value. Detailed financial records, including trailing three-year site-level financials and corporate financials, are available for review. The 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 asset with significant upside potential. All property taxes, insurance, and maintenance are the responsibility of the tenant.
Value Estimations
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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
- Trucksville
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.9293
- Latitude
- 41.3027
