245 Wilkes Barre Township BlvdWilkes-Barre Township, PA 18702
For Sale
$12,850,000
High-yield grocery store investment, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- Price Chopper, a top-three grocer in Luzerne County, boasts 8.2% market share with $81.9M in sales.
- Excellent access to a 45,000+ population in the Back Mountain area.
- 9.8 years remaining on a 25-year absolute NNN lease with a 4-year, 11-month option; zero landlord responsibilities.
- Over 15 years of tenant occupancy and a 14% sales increase since 2019 demonstrate strong performance.
- Lease is corporate guaranteed by Golub Corporation (B+ Fitch rating), parent of Market 32, Price Chopper, and Tops (nearly 300 stores).
- Prime Wilkes-Barre location in a major retail corridor with 12M SF of retail within 5 miles (2.7% vacancy), near Arena Hub Plaza, Wyoming Valley Mall, and Joe Amato East End Centre.
Property Details for 245 Wilkes Barre Township Blvd
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 64,252 SF
- Year Built
- 2008
- Lot Size (sq. ft)
- 399,010 SF
Location Insight
- City
- Wilkes-Barre Township
- County
- Luzerne
- State
- Pennsylvania
- Latitude
- 41.2405605
- Longitude
- -75.859726
245 Wilkes Barre Township Blvd, Wilkes-Barre Township, Pennsylvania
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