785 Kidder StWilkes-Barre, PA 18702

For Sale
$2,716,000

High-performing Starbucks, Wilkes-Barre, PA

Overview

Added:
Dec 11, 2024
Days on market:
93
Brand new Starbucks in a prime Wilkes-Barre location, boasting a strong 10-year corporate lease with built-in rent increases, offering a secure and lucrative investment opportunity. The property is situated in a high-traffic area with excellent demographics and surrounded by other top-performing national retailers. This fee-simple investment presents a compelling opportunity for long-term growth and passive income. The property features a 6% cap rate and a substantial NOI.

Highlights

  • $2,716,000 asking price for this fee-simple, net-leased Starbucks property.
  • The property features a 9.6-year remaining lease term expiring June 30, 2034, with a credit-rated, corporate guarantee from Starbucks.
  • The 2,100 square foot building sits on a 0.89-acre lot and boasts a 6.00% cap rate and $163,000 NOI.
  • Rent increases 10% every five years, with lease options available.
  • Located in Wilkes-Barre, PA, this Starbucks is in a high-performing retail corridor near major national retailers and Interstate 81.

Property Details for 785 Kidder St

Property type
Other retail properties, Restaurants
Square Feet
2,100 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Wilkes-Barre
County
Luzerne
State
Pennsylvania
Latitude
41.250174444627
Longitude
-75.84281842592
785 Kidder St, Wilkes-Barre, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
785 Kidder St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message