901 Wyoming Ave Wyoming, PA 18644-1313

Property Details for 901 Wyoming Ave

Lot size

0.53 lot acres

Property type

Investment properties

Property subtype

Live-work space

APN

67-F10S1-002-009

APU

67F10S1002009

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving Fuel On gas station in Wyoming, Pennsylvania. Located at 901 Wyoming Ave, this 7,000 square foot property sits on a 0.53-acre lot and boasts a 20-year absolute NNN lease with a reputable, growing operator of 36 units. The lease includes annual rent bumps of 2.5%, providing inflation protection and a strong return on investment. The current asking price is $3,750,000, representing a compelling cap rate of 8.00% and a price per square foot of $535.71. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $300,000 annually. The lease features four 5-year renewal options, further securing long-term cash flow. The tenant is responsible for all property maintenance, insurance, and taxes, minimizing owner responsibilities. This property benefits from high traffic counts exceeding 17,533 vehicles daily, ensuring consistent customer flow. Financial records for the past three years are available for review, showcasing the site's consistent and growing profitability. The lease is guaranteed by the tenant's corporate entity, providing additional security for investors. This is a truly passive investment opportunity with significant upside potential. The property qualifies for accelerated depreciation.

Location Insight

City

Wyoming

County

Luzerne

State

Pennsylvania

Longitude

-75.8522

Latitude

41.3019

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments