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Sale 1803

Two Travel Centers with Restaurants, Hotel, Sold With or Without Fuel Supply

East Central Pennsylvania

SOLD

Site 49, 20 Commerce Drive, Milroy, PAsold×
Site 49, 20 Commerce Drive, Milroy, PAsold×
Site 49, 20 Commerce Drive, Milroy, PAsold×
Site 49, 20 Commerce Drive, Milroy, PA
Property 2 of 2
Property Information
OfferingTravel Center with Restaurant
Operating StatusOperating
TypeFee
CountyMifflin
Cross StreetsCommerce & US-322
Zip Code17063
Lot Size (acres)12.95
Total Building sf13,032
2017 Property Taxes$27,900
Year Built1999
ZoningNo Zoning Designation
Fuel Supply and Branding
Current Fuel BrandTom's
Fuel Supply Term Offered Without Supply, or Supply From Seller is Negotiable
Tenant Information
Tenant Rent EscalationsEach year beginning with year 2, annual rent becomes the greater of $60,000 or 5% of the prior year's sales. Total sales revenue for 7/1/2016 - 6/30/2017 were $1,094,145.
Property Comments
The subject property includes a 13,032 sf building that contains a convenience store with an Arby`s restaurant in the front section, as well as a trucker lounge, showers, and offices in the rear section. There are four gasoline MPDs under a 4,015 sf canopy and eight diesel MPDs under a separate 5,075 sf canopy in the rear of the property. The subject property also includes three parcels of excess land.
Video Gaming Information
Facility may be eligible for video gaming terminals after recently signed legislation that allows qualifying truck stops to house up to five VGTs. Applications will be accepted after May 7, 2018. Additional information can be found by visiting the PA Gaming Board at http://gamingcontrolboard.pa.gov/?p=289.

Regarding gaming at truck stops in Pennsylvania, some industry experts estimate video gaming terminals might be able to bring in as much as $150,000 in new revenue per location.
Broker
NRC Realty & Capital Advisors of PA, LLC. Lic. #RB068189

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