564 Susquehanna BlvdHazleton, PA 18202

Property Details for 564 Susquehanna Blvd

Year built

2017

Lot size

1.03 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a Panera Bread restaurant located at 564 Susquehanna Blvd, Hazleton, Pennsylvania, 18202. The property boasts a 3,000 square foot building situated on a 1.03-acre lot. Currently operating under a 15.1-year absolute triple-net (NNN) lease with a corporate guarantee, the lease commenced September 13, 2017, and expires September 30, 2032, leaving approximately 7.9 years remaining. The current annual net operating income (NOI) is $143,000, representing a 5.75% cap rate on the $2,487,000 asking price. The lease includes a 10% rent increase every five years throughout the initial term and each of the three, five-year renewal options, providing significant long-term growth potential. Built in 2017, this property offers a secure, passive income stream with minimal landlord responsibilities, making it an attractive addition to any investment portfolio. The property's strong tenant, Panera Bread, and the favorable lease terms contribute to its exceptional investment characteristics. This is a 100% occupied, single-tenant property offering a compelling combination of stability and growth potential. The location in Luzerne County, Pennsylvania, provides access to a robust local market.

Location Insight

City

Hazleton

County

Luzerne

State

Pennsylvania

Latitude

40.9804

Longitude

-76.0173

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