Walmart | Scranton MSA

900 Commerce Boulevard, Scranton, PA

$5,183,750

Price

4%

Cap Rate

$207,350

NOI

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Street
Map
Overview
Cap Rate
4%
NOI
$207,350
Building Size
200,000 sqft
Lot Area
28.89 acres
Year Built
1997
Tenancy
Single
Description

Equity Retail Brokers is pleased to present an exclusive opportunity to acquire a single-tenant net lease property, leased to Walmart in Dickson City, PA. This expansive property spans over 28 acres, featuring a free-standing building of approximately 200,000 square feet. Walmart, a longstanding occupant, initiated their ground lease in 1997 and recently demonstrated their ongoing commitment by exercising the first 10-year option. Notably, the ground lease boasts six additional 10-year options, each with a 10% rental increase. With an absolute NNN ground lease structure, investors can benefit from zero landlord responsibilities.

Highlights
  • Extremely low rent per square foot - approximately $1/ SF
  • High performing location according to Placer.ai
  • Absolute NNN ground lease with zero landlord responsibilities
Location
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