List Search

245 Wilkes Barre Township Blvd
Wilkes Barre, PA 18702

$12,850,000 USD

Supermarket For Sale  •  58,500 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 64,252 SF
  • Lot Size 9.16 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning D2
0 Transit Score
57 Walk Score

Highlights

Price Chopper is the third largest grocery chain in Luzerne county with 3 stores and a combined $81.9 million in sales equating to 8.20% market share
Easy access to residential population especially in the “Back Mountain” area north of the Susquehanna with a population of 45,000+
Price Chopper has 9.8 years remaining on a 25-year absolute NNN lease with one option of four years and eleven months
Tenure of more than 15-years proves the tenant’s commitment to location
The Golub Corporation guaranteed lease
Subsidiary of parent company Northeast Grocery Inc. with a credit rating of B+ (Fitch)
Cap Rate: 7.00 %

Public Transportation

AirportDriveWalkDistance
Wilkes-Barre/Scranton International 21 min - 11.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 284
Type: Surface
Included in Rent: Yes
Matthew Gorman 484-567-2340 CBRE, Inc.
Matthew Gorman 484-567-2340 CBRE, Inc.