Panera Bread
Hazleton, PA
Key Details
| Price: | $2,487,000 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $143,000 |
| Address: | 564 Susquehanna Boulevard, Hazleton, Pennsylvania 18202 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 9/13/2017 |
| Lease Expiration: | 9/30/2032 |
| Lease Term Remaining: | 7.7 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.03 Acres |
| Building Size: | 3,000 SF |
| Year Built: | 2017 |
NNN Pro is pleased to present the exclusive listing for a Panera Bread located at 564 Susquehanna Boulevard, Hazleton, Pennsylvania 18202. The site consists of roughly 3000 rentable square feet of building space on an estimated 1.03-acre parcel of land. This Panera Bread is subject to a 15-year Triple Net (NNN) lease, which commenced 9/13/2017. The current annual rent is $143,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Long-Term, 15-Year Absolute Triple-Net (NNN) Lease | No Landlord Responsibilities
- Approximately 8.00 Years Remaining
- Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
- Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
Key Details
| Price: | $2,487,000 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $143,000 |
| Address: | 564 Susquehanna Boulevard, Hazleton, Pennsylvania 18202 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 9/13/2017 |
| Lease Expiration: | 9/30/2032 |
| Lease Term Remaining: | 7.7 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.03 Acres |
| Building Size: | 3,000 SF |
| Year Built: | 2017 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Russell Wachtler
rwachtler@nnnpro.com
License: NY: 10401294048
Edward DeMatteis
edematteis@nnnpro.com
License: NY: 10401375705
Broker of Record
Brian Brockman
Bang Realty-Pennsylvania, Inc
License: RM432816
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.