101 Wyoming Valley MallWilkes-Barre Township, PA 18702

For Sale
$10,538,577.90

High-Yield Retail Investment, Wilkes-Barre, PA

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 78,398 square foot retail center situated on 5.94 acres in the thriving Wilkes-Barre, PA retail market. The property boasts 100% occupancy with two strong tenants: a recently renovated Ashley Furniture and a new Crunch Fitness, which will sign a new 15-year lease at closing. This shadow-anchored center benefits from its proximity to the 910,000 square foot Wyoming Valley Mall, featuring major anchors like Macy's and JCPenney's. The surrounding area is densely populated with significant retail presence, including Target, Hobby Lobby, Dick's Sporting Goods, Lowe's, Burlington, and Best Buy. The property's strategic location offers excellent visibility and accessibility, with close proximity to I-81 (64,000 cars per day) and Route 309 (66,000 cars per day). Offered at $10,538,577.90, this Net Lease investment property provides a compelling 7.00% cap rate and a strong NOI of $737,700. The price per square foot is $134.42. This is a rare opportunity to acquire a high-performing retail asset in a prime location with significant upside potential. The property is classified as a shopping center, freestanding type, and is a multi-tenant property. The investment type is Net Lease. This is a turnkey investment ready for immediate income generation.

Location Insight

City
Wilkes-Barre Township
County
Luzerne
State
Pennsylvania
Latitude
41.2458464
Longitude
-75.8443713
101 Wyoming Valley Mall, Wilkes-Barre Township, Pennsylvania

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101 Wyoming Valley Mall
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