564 Susquehanna Blvd Hazleton, PA 18202
- Retail properties
- 3,000 SF
- 1.03 lot acres
Current Use by Public Records
- Retail properties
Property Details for 564 Susquehanna Blvd
- Year built
- 2017
- Lot size
- 1.03 lot acres
- Property size
- 3,000 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hazleton
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -76.0173
- Latitude
- 40.9804
