Restaurant Property With Late
For Sale
Contact for pricing
880 Kidder St., Wilkes Barre, PA 18702
Established restaurant location renovated in 2015 and operating under a net lease with scheduled 10 percent increases every five years.
Property SizeContact for details
Days on Market143
Property Features for 880 Kidder St.
General Information
Standard status
Active
Property subtype
Retail, Hospitality
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5291
Listed By:
Jesse Limon · License #NY 10401271892
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 11:02AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This restaurant property is occupied by TGI Fridays and operated by Metz Culinary Management. The location has served the market for 25 years as of May 2019, with its most recent major renovation completed in 2015. Operating hours extend to 2:00 am, and the asset is subject to a net lease with 10 percent increases every five years.
The property fronts the Kidder Street and Highway 315 area, near Pennsylvania Route 309 and Interstate I-81. It is directly across from the 318,000-square-foot Wyoming Valley Mall and near the Wilkes-Barre VA Hospital, a 173-bed facility with more than 1,300 employees in 2018 and over 292,000 annual visitors. Three adjacent hotels and more than 1,800 hotel rooms within five miles add surrounding lodging context.
The property fronts the Kidder Street and Highway 315 area, near Pennsylvania Route 309 and Interstate I-81. It is directly across from the 318,000-square-foot Wyoming Valley Mall and near the Wilkes-Barre VA Hospital, a 173-bed facility with more than 1,300 employees in 2018 and over 292,000 annual visitors. Three adjacent hotels and more than 1,800 hotel rooms within five miles add surrounding lodging context.
Key Highlights
- Net‑leased restaurant property with 10 percent increases every five years
- TGI Fridays location operated by Metz Culinary Management
- Operating hours extend to 2:00 am
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
322k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Groceries 24%
Apparel 19%
Dining 14%
Sam's Club
Superstores
119,434 visits/mo
0.3 miles
Wegmans
Groceries
76,431 visits/mo
0.4 miles
Kohl's
Apparel
61,687 visits/mo
0.2 miles
Texas Roadhouse
Dining
32,282 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
11,526 visits/mo
0.2 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Established restaurant location renovated in 2015 and operating under a net lease with scheduled 10 percent increases every five years.
Where is this nnn property located?
The property is located at 880 Kidder St. Wilkes Barre, PA.
What are key features of this property?
This property features: Net‑leased restaurant property with 10 percent increases every five years; TGI Fridays location operated by Metz Culinary Management; Operating hours extend to 2:00 am
