Building Details

Tenancy Multi

Listing Agency: Matthews Real Estate Investment Services | Dallas

Listed By: Davis Johnson · License #814048 (TX) Show Phone

Source: Matthews

Added: Sep 11 Changed: Oct 25 Last Checked: Oct 28 at 4:42AM

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Investment Insights

Based on property information with market context.

This fuel-and-convenience property combines a Sunoco-branded location with multiple income-producing tenants. Convenient Food Mart operates the convenience store and fuel component, while Subway occupies additional retail space. The lease structure is Absolute NNN, placing landlord responsibilities with the tenants. Subway also provides percentage rent under its lease, and a Lamar Advertising billboard contributes a separate revenue stream.

The property occupies a signalized corner at 340 Wilkes Barre Township Blvd in Wilkes Barre, Pennsylvania. Convenient Food Mart and Subway leases run through 2028 and include three 5-year renewal options. The billboard lease extends through 2043. The surrounding trade area includes more than 120,349 residents within a 5-mile radius, and the location is identified as being in the top 95th percentile of Sunoco locations nationwide.

Key Highlights

• Absolute NNN structure with no landlord responsibilities across the tenants
• Convenient Food Mart operates the convenience store and fuel component
• Subway lease includes percentage rent and is backed by the corporation

Property Analytics

Current Use

Columbus Laser & Vision ... Eye Care Center Columbus LASIK Vision Eye Care Center Convenient food mart Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service (Bike/Boat/Book/etc) Store Accounting Firm Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

536

Businesses Nearby

740k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 37% Dining 26% Groceries 15% Apparel 8%

Walmart Superstores

153,161 visits/mo 0.3 miles

Sam's Club Superstores

119,434 visits/mo 0.3 miles

Wegmans Groceries

76,431 visits/mo 0.2 miles

Chick-fil-A Dining

64,281 visits/mo 0.4 miles

Kohl's Apparel

61,687 visits/mo 0.3 miles

Demographics for 18702, PA

42,133

Population

19,738

Households

2.1

Avg Household Size

40

Median Age

23%

College-Educated

87%

High-School Grad

78.1 sq mi

ZIP Area

539

Density / Sq Mi

$54,892

Median Household Income

$36,911

Median Earnings

$971

Median Rent

$115,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Absolute NNN fuel-and-convenience property with signalized corner access and established retail tenancy.

Where is this grocery and convenience store located?

The property is located at 340 Wilkes Barre Township Blvd Wilkes Barre, PA.

What is the asking price?

The asking price for this property is $2,471,428.

What are key features of this property?

This property features: Absolute NNN structure with no landlord responsibilities across the tenants; Convenient Food Mart operates the convenience store and fuel component; Subway lease includes percentage rent and is backed by the corporation