831 Northern Blvd Clarks Summit, PA 18411
- Retail properties
- 4,000 SF
- 1.11 lot acres
Current Use by Public Records
- Retail properties
Property Details for 831 Northern Blvd
- Year built
- 2002
- Lot size
- 1.11 lot acres
- Property size
- 4,000 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 4,000-square-foot Krispy Kreme located on 1.11 acres in Clarks Summit, Pennsylvania, within the Scranton-Wilkes-Barre MSA. The property boasts a brand new 15-year absolute NNN ground lease, featuring 7.50% rent increases every five years throughout the initial term and each of the four 5-year renewal options. This high-performing location consistently ranks among the top 6% of Krispy Kreme stores nationally based on visitor data. Strategically positioned across from a 103-room Best Western hotel, it benefits from a substantial built-in customer base. The site enjoys excellent visibility and accessibility, situated along Northern Boulevard (27,217 vehicles per day) with convenient access to Interstates 476 and 81. Nearby businesses include Dairy Queen, Guytano's Tuscan Chophouse, Tully's Good Times, Sunoco, Weis Markets, Ace Hardware, Advance Auto Parts, McDonald's, Starbucks, Chipotle, and Taco Bell. The single-story building, constructed in 2002, includes 30 parking spaces. Detailed sales records are available upon request. This is a rare opportunity to acquire a proven, high-performing asset with a long-term, secure lease. The property offers a strong return on investment with built-in growth potential.
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
- Clarks Summit
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.689
- Latitude
- 41.4816
