532 Hazle StWilkes-Barre, PA 18702

For Sale
$2,084,963

High-yield, NNN-leased gas station investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $2,084,963 asking price for this Wilkes-Barre, PA gas station.
  • Absolute NNN net lease with a 20-year term remaining.
  • Fuel On branded, single-tenant occupancy at 100%.
  • 2,000 square feet on a 0.22-acre lot, with a price per square foot of $1,042.48.
  • 8.00% cap rate and a $166,797 annual net operating income (NOI).
  • 2.5% annual rent bumps, providing inflation protection.

Property Details for 532 Hazle St

Property type
Other retail properties, Automotive properties
Square Feet
2,000 SF
Lot Size (sq. ft)
9,583 SF

Location Insight

City
Wilkes-Barre
County
Luzerne
State
Pennsylvania
Latitude
41.226614
Longitude
-75.8933672
532 Hazle St, Wilkes-Barre, Pennsylvania

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532 Hazle St
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