120 Montmorenci Rd Ridgway, PA 15853-1613

Property Details for 120 Montmorenci Rd

Property type

Commercial real estate

APN

12-12-246-2241

APU

12122462241

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving, 2,600 square foot gas station in Ridgway, Pennsylvania. Located at 120 Montmorenci Rd, this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $199,371. The property sits on a 0.48-acre lot and benefits from high daily traffic counts exceeding 13,906 vehicles. The current tenant, Fuel On, is a growing 36-unit operator with a strong financial history, providing a secure and reliable income stream. The 20-year absolute NNN lease includes annual rent bumps of 2.5%, effectively hedging against inflation. The lease structure is exceptionally favorable to the landlord, with the tenant responsible for all property maintenance, insurance, and taxes, creating a truly passive investment. Four 5-year lease options further enhance the long-term stability of this investment. The property also qualifies for accelerated depreciation and bonus depreciation, offering significant tax advantages. Financial records for the past three years are available for review, showcasing the consistent profitability of this location. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The asking price is $2,492,138, representing a price per square foot of $958.51.