755 Kidder St Wilkes-Barre Township, PA 18702

This Wilkes-Barre Township, PA, Sonic Drive-In presents a compelling investment opportunity. The property boasts a 1,500 square foot building situated on a 3.4-acre lot at 755 Kidder Street, zip code 18702. A newly renovated (2023) building is under a 20-year triple-net (NNN) lease with a franchisee tenant, ensuring minimal landlord responsibilities. The current annual net operating income (NOI) is $90,779, representing a 6.50% capitalization rate. The lease includes attractive 2% annual rent increases, providing consistent income growth. Further extending the investment potential are two option periods: one 5-year option and one 4.11-year option, potentially totaling approximately 30 years of lease term. The asking price is $1,369,594, translating to a price per square foot of $913.06. This property offers a strong, stable income stream with significant long-term growth potential. The 100% occupancy rate underscores the tenant's commitment and the property's desirability. This is a turnkey investment ideal for passive income seekers.