564 Susquehanna BlvdHazleton, PA 18202

For Sale
$2,487,000

High-Yield QSR Investment, PA

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a Panera Bread restaurant located at 564 Susquehanna Blvd, Hazleton, Pennsylvania, 18202. The property boasts a 3,000 square foot building situated on a 1.03-acre lot. Currently operating under a 15.1-year absolute triple-net (NNN) lease with a corporate guarantee, the lease commenced September 13, 2017, and expires September 30, 2032, leaving approximately 7.9 years remaining. The current annual net operating income (NOI) is $143,000, representing a 5.75% cap rate on the $2,487,000 asking price. The lease includes a 10% rent increase every five years throughout the initial term and each of the three, five-year renewal options, providing significant long-term growth potential. Built in 2017, this property offers a secure, passive income stream with minimal landlord responsibilities, making it an attractive addition to any investment portfolio. The property's strong tenant, Panera Bread, and the favorable lease terms contribute to its exceptional investment characteristics. This is a 100% occupied, single-tenant property offering a compelling combination of stability and growth potential. The location in Luzerne County, Pennsylvania, provides access to a robust local market.

Highlights

  • 15-Year Absolute NNN Lease with 8 Years Remaining.
  • 10% Rent Increases Every 5 Years.
  • Three 5-Year Tenant Renewal Options (Potential 30-Year Lease).

Property Details for 564 Susquehanna Blvd

Property type
Other retail properties, Restaurants
Square Feet
3,000 SF
Year Built
2017
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Hazleton
County
Luzerne
State
Pennsylvania
Latitude
40.9804019
Longitude
-76.0173246
564 Susquehanna Blvd, Hazleton, Pennsylvania

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564 Susquehanna Blvd
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