Single-Tenant Diner
For Sale
Contact for pricing
588 Union Street, Wilkes Barre, PA 18709
Corporate-guaranteed net lease supports the established diner operation.
Property SizeContact for details
Days on Market145
Property Features for 588 Union Street
General Information
Standard status
Active
Property subtype
Retail, Special Purpose
Occupancy
100%
Site & Location
Traffic Count
10,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Salt Lake City
(801) 410-1621
Listed By:
Jack Cornell · License #UT 9518385-SA00
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 6:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Salt Lake City
Investment Insights
Based on property information with market context.
This fee-simple property includes the land and building occupied by The Grille Inc., a single-tenant diner operator with a family-run presence in Luzerne since the 1970s. The corporate-guaranteed lease has approximately 3 years remaining and places landlord obligations for municipal and school taxes, HVAC, sewers, and insurance.
The property fronts Union Street, the town’s main thoroughfare, with reported traffic of 10,800 vehicles per day. State Highway 309, carrying 30,000 vehicles per day, is nearby with on-and-off ramp access. The site is part of a grocery-anchored shopping center that includes Big Lots, McDonald’s, Rite Aid, Family Dollar, and Gerry’s Supermarket. The surrounding 5-mile trade area includes more than 131,000 residents and an average household income of nearly $61,000.
The property fronts Union Street, the town’s main thoroughfare, with reported traffic of 10,800 vehicles per day. State Highway 309, carrying 30,000 vehicles per day, is nearby with on-and-off ramp access. The site is part of a grocery-anchored shopping center that includes Big Lots, McDonald’s, Rite Aid, Family Dollar, and Gerry’s Supermarket. The surrounding 5-mile trade area includes more than 131,000 residents and an average household income of nearly $61,000.
Key Highlights
- Fee‑simple ownership of the diner’s land and building
- Single‑tenant, corporate‑guaranteed net lease
- Approximately 3 years remaining on the current lease
Property Analytics
Property Profile
Current Use
Lease Details
10,800 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 36%
Shops & Services 15%
Groceries 11%
McDonald's
Dining
21,551 visits/mo
0.1 miles
Big Lots
Superstores
21,404 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,235 visits/mo
0.1 miles
Fine Wine & Good Spirits
Groceries
6,627 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,746 visits/mo
0.1 miles
Demographics for 18709, PA
2,779
Population
1,648
Households
1.7
Avg Household Size
46
Median Age
14%
College-Educated
88%
High-School Grad
0.8 sq mi
ZIP Area
3,474
Density / Sq Mi
$38,547
Median Household Income
$34,959
Median Earnings
$780
Median Rent
$113,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Breakfast & diner - Corporate-guaranteed net lease supports the established diner operation.
Where is this breakfast & diner located?
The property is located at 588 Union Street Wilkes Barre, PA.
What are key features of this property?
This property features: Fee‑simple ownership of the diner’s land and building; Single‑tenant, corporate‑guaranteed net lease; Approximately 3 years remaining on the current lease
