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85 Wyoming Valley Mall
Wilkes Barre, PA 18702

Retail Property For Sale

Investment Highlights

  • • La-Z-Boy Corporate Guaranteed Lease with over (6) Years Remaining on Term
  • • Tenant paid full rent throughout Covid shutdown with no deferral
  • • Mundy Street serves as one of the primary retail thoroughfare in the immediate trade area with nearby national/credit tenants including Lowe’s, CVS,
  • • 5% Rental increases throughout the initial term and option periods, generating healthy NOI growth
  • • La-Z-Boy written same-store sales increased 14.8% for the fiscal 2021 first quarter

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
15,644 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.68 AC
Zoning
Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
69-H10S5-002-001-000
Land Assessment
$1,206,324
Improvements Assessment
$1,146,726
Total Assessment
$2,353,050
  • Listing ID: 20834865

  • Date on Market: 2020-09-02

  • Last Updated:

  • Address: 85 Wyoming Valley Mall, Wilkes Barre, PA 18702

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