Sonic 755 Kidder St

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 $110,000 and has scheduled increases of 2.00% Annually.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,500
• Building Class    B
• Year Built    2023
• Price    1,692,308
• Price Per SF    1,128
• Cap Rate    6.50
• NOI    110,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.01
• Land Acres    3.40 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.