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Panera Bread 564 Susquehanna Blvd

3,000 SF Retail Building Hazleton, PA 18202 $2,487,000 ($829/SF) 5.75% Cap Rate

Restaurants Pennsylvania Hazleton 564 Susquehanna Blvd, Hazleton, PA 18202

Investment Highlights

  • Long-Term, 15-Year Absolute Triple-Net (NNN) Lease | No Landlord Responsibilities
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
  • Approximately 8.00 Years Remaining
  • Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Panera Breda located at 564 Susquehanna Blvd in Hazleton, PA. The site consists of roughly 3,000 rentable square feet of building space on estimated 1.03-acre parcel of land. This Panera Bread is subject to a 15-year absolute triple-net (NNN) lease, which commenced September 30, 2017. The current annual rent is $143,000 and is scheduled to increase by 10% every 5 years, throughout the base term and in each of the 3, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,000 SF
Building Class
C
Year Built
1973
Price
$2,487,000
Price Per SF
$829
Cap Rate
5.75%
NOI
$143,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
1.03 AC
Frontage
95 FT on Susquehanna Blvd
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Nearby Major Retailers

Bonanza Steakhouse
PNC Bank
Truist
ALDI
Planet Fitness
Woodforest National Bank
Denny's
Perkins Restaurant & Bakery
Starbucks
Community Bank N.A.

PROPERTY TAXES

Parcel Number 26-S7S10-002-004-000 Improvements Assessment $618,400
Land Assessment $227,300 Total Assessment $845,700

PROPERTY TAXES

Parcel Number
26-S7S10-002-004-000
Land Assessment
$227,300
Improvements Assessment
$618,400
Total Assessment
$845,700
(332) 345-4222

  • Listing ID: 33111563

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 564 Susquehanna Blvd, Hazleton, PA 18202

More public record information on 564 Susquehanna Blvd, Hazleton, PA 18202

The Retail Property at 564 Susquehanna Blvd, Hazleton, PA 18202 is currently available For Sale. Contact NNN Pro Group for more information.

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Panera Bread | 564 Susquehanna Blvd
(332) 345-4222 x

Panera Bread | 564 Susquehanna Blvd

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Russell Wachtler

(332) 345-4206

(332) 345-4206

Edward DeMatteis

(917) 623-1610

(917) 623-1610

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