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Sonic 755 Kidder St

1,500 SF Retail Building Wilkes Barre, PA 18702 $1,396,594 ($931/SF) 6.50% Cap Rate

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Investment Highlights

20-Year Triple-Net (NNN) Lease | At closing the tenant will execute a brand-new 20-year absolute triple-net lease. The lease will have no landlord res
1, 5-Year Option and 1, 4.11-Year Option | Total Potential Lease Term of Approximately 30 Years.

Attractive Rental Increases | The lease will feature 2% annual rental increases.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Sonic located at 755 Kidder Street, Wilkes Barre, PA 18702. The site consists of roughly 1,500 rentable square feet of building space on an estimated 3.4-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $90,779 and has scheduled increases of 2.00% Annually.