Krispy Kreme: Clarks Summit, PA | 831 Northern Blvd
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Krispy Kreme: Clarks Summit, PA 831 Northern Blvd
4,000 SF Retail Building Clarks Summit, PA 18411 £3,160,040 (£790/SF)
Investment Highlights
- Brand New Absolute NNN Ground Lease
- By visits, this Krispy Kreme location ranks among the top 6% of Krispy Kreme store nationally, according to Placer.ai.
- Population of 21,864, average household income of $124,384, and over 8,700 households within a 3-mile radius.
- Krispy Kreme is directly across from a 103-room Best Western, placing substantial built-in customer base immediately around the site.
- 4.3 MSF of Retail and 1,338 Multifamily Units Within a 3-Mile Radius.
Executive Summary
CBRE is pleased to exclusively offer for sale the 4,000-square-foot Krispy Kreme situated on 1.11 acres in Clarks Summit, PA—a component of the Scranton-Wilkes-Barre, PA MSA (Population: 568,184). At closing, Krispy Kreme will execute a brand new 15-year absolute NNN ground lease with 7.50% rent increases every 5 years throughout the initial term and in each of the four 5-year renewal options. By visits, this Krispy Kreme location ranks among the top 6% of Krispy Kreme store nationally, according to Placer.ai.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
2002
Price
£3,160,040
Price Per SF
£790
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
1.11 AC
Zoning
C06
Parking
30 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
49 ft on Northern Blvd
Amenities
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 10113020015 | Improvements Assessment | £56,012 |
| Land Assessment | £11,929 | Total Assessment | £67,941 |
PROPERTY TAXES
Parcel Number
10113020015
Land Assessment
£11,929
Improvements Assessment
£56,012
Total Assessment
£67,941
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Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Matthew Gorman -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
CBRE
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Krispy Kreme: Clarks Summit, PA | 831 Northern Blvd
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