10 Carverton RdTrucksville, PA 18708

For Sale
$1,687,500

High-yield NNN lease; strong tenant; 20-year term.

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 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.

Highlights

  • $1,687,500 asking price for a fee-simple, absolute NNN net lease retail gas station.
  • 20-year lease with Fuel On, a growing 36-unit operator, with 20 years remaining.
  • 8.00% cap rate, $135,000 NOI, and 2.5% annual rent bumps.
  • 700 square feet on a 0.2-acre lot in Trucksville, PA (18708), with 100% occupancy.
  • Four 5-year lease options and strong corporate guarantees available for review.

Property Details for 10 Carverton Rd

Property type
Other retail properties, Automotive properties
Square Feet
700 SF
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Trucksville
County
Luzerne
State
Pennsylvania
Latitude
41.3027465
Longitude
-75.9292641
10 Carverton Rd, Trucksville, Pennsylvania

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10 Carverton Rd
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