For Sale
$4,000,000

831 Northern BlvdClarks Summit, PA 18411

High-performing Krispy Kreme, absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,000-square-foot Krispy Kreme located on 1.11 acres in Clarks Summit, Pennsylvania, within the Scranton-Wilkes-Barre MSA. The property boasts a brand new 15-year absolute NNN ground lease, featuring 7.50% rent increases every five years throughout the initial term and each of the four 5-year renewal options. This high-performing location consistently ranks among the top 6% of Krispy Kreme stores nationally based on visitor data. Strategically positioned across from a 103-room Best Western hotel, it benefits from a substantial built-in customer base. The site enjoys excellent visibility and accessibility, situated along Northern Boulevard (27,217 vehicles per day) with convenient access to Interstates 476 and 81. Nearby businesses include Dairy Queen, Guytano's Tuscan Chophouse, Tully's Good Times, Sunoco, Weis Markets, Ace Hardware, Advance Auto Parts, McDonald's, Starbucks, Chipotle, and Taco Bell. The single-story building, constructed in 2002, includes 30 parking spaces. Detailed sales records are available upon request. This is a rare opportunity to acquire a proven, high-performing asset with a long-term, secure lease. The property offers a strong return on investment with built-in growth potential.

Highlights

  • Brand new 15-year absolute NNN ground lease with 7.5% rent increases every 5 years, including four 5-year renewal options.
  • Krispy Kreme location across from a 103-room Best Western hotel, near other national retailers including Dairy Queen, Guytano’s, Tully’s, Sunoco, Weis Markets, Ace Hardware, Advance Auto Parts, McDonald’s, Starbucks, Chipotle, and Taco Bell.
  • High visibility location on Northern Boulevard (27,217 VPD), with convenient access to I-476 (8,724 VPD) and I-81 (36,634 VPD).
  • Top 6% performing Krispy Kreme nationally based on Placer.ai data; strong sales history available upon request.

Property Details for 831 Northern Blvd

Property type
Retail properties
Square Feet
4,000 SF
Year Built
2002
Buildings
1
Stories
1
Lot Size (sq. ft)
48,352 SF

Location Insight

City
Clarks Summit
County
Lackawanna
State
Pennsylvania
Latitude
41.481583169737
Longitude
-75.689014754578
831 Northern Blvd, Clarks Summit, Pennsylvania

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831 Northern Blvd
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