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NOI Net Operating Income N/A
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Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 2004
Occupancy 100.0 %

Property Description

The 24/7/365 convenience store is situated at the fully signalized intersection of Northern Blvd and Parkwood Ave, which is exposed to nearly 30,000 VPD. Adjacent to the property are two major highways in I-81 & I-476, which combine to serve more than 80,000 VPD. I-476 is a major North South thoroughfare in Eastern PA that connects Philadelphia, the Lehigh Valley, Scranton / Wilkes-Barre, and New York state via Binghamton. Multiple recognized tenants such as Weis Markets, Citizens Bank, Rite Aid, Burger King, McDonald’s, Taco Bell, Wendy’s, Starbucks and Penn East Federal Credit Union also surround the Property, further driving consumers to the area. This Sheetz location is the northernmost site within the Scranton / Wilkes-Barre metro area and is ten minutes away from their next closest store. Further, Wawa, Sheetz’s main competitor, is not present in area. Their closest location is nearly 40 miles away from the subject property.

Investment Highlights

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant, full NNN ground lease property leased to Sheetz (the “Property”) in Clarks Summit, PA – a town in the northeastern part of the state. Sheetz, who has a strong brand presence and loyal following in the area, has been at this location since 2004, and recently exercised their first option to extend their lease for 5 years. Additionally, there is still one (1), five (5) year option and one (1), four (4) year, eleven (11) month option remaining.
Marc Mandel
Marc Mandel
Managing Director
Licensed in
PA - AB068236 DE - RS-0019936 NJ - 0894218
Gregory Zimmerman
Associate

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