For Sale
$2,110,000

495 Johnson StWilkes-Barre Township, PA 18702

High-Yield Retail Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Wilkes-Barre Township, PA investment opportunity presents a fully occupied, 6,215 square foot Class B shopping center. Located at 495 Johnson St, 18702, this single-story, 5-unit retail property boasts a strong 100% occupancy rate with five tenants under NNN leases featuring annual rent increases. The property, built in 1980, sits on a 0.18-acre lot and benefits from excellent visibility and accessibility on a major thoroughfare, ensuring high traffic volume. Ample parking is available for customers and tenants. The asking price is $2,110,000, representing a compelling $339.50 per square foot and a 6.47% capitalization rate based on a Net Operating Income (NOI) of $136,488. A new roof will be installed before closing, eliminating any concerns regarding roof condition. The property is zoned C2 and offers a secure, long-term investment opportunity with established tenants and consistent income generation. This is a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location. The property's strong financials and stable tenancy make it an ideal addition to any portfolio.

Highlights

  • Fully occupied, 6,215 SF Class B shopping center in Wilkes-Barre Township, PA.
  • Five-unit retail property with 100% occupancy and NNN leases featuring annual rent increases.
  • Located on a 0.18-acre lot at 495 Johnson St, 18702, with excellent visibility and ample parking.
  • Asking price: $2,110,000 ($339.50/SF), 6.47% cap rate based on a $136,488 NOI.
  • New roof to be installed before closing.

Property Details for 495 Johnson St

Property type
Lifestyle centers, Power centers
Square Feet
6,215 SF
Class
B
Year Built
1980
Buildings
1
Stories
1
Lot Size (sq. ft)
7,841 SF
Units
5

Location Insight

City
Wilkes-Barre Township
County
Luzerne
State
Pennsylvania
Latitude
41.2233731
Longitude
-75.8804903
495 Johnson St, Wilkes-Barre Township, Pennsylvania

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495 Johnson St
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