115 Plaza 611 Ln - Freestanding FOR SALE


Stroudsburg, PA 18360
$3,050,000 USD
949-374-1163
115 Plaza 611 Ln, Stroudsburg, PA for Sale
$3,050,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

115 Plaza 611 Ln
Stroudsburg, PA 18360


HIGHLIGHTS

  • Market Leading Tenant
  • Interstate Retail Corridor Location
  • Across From St. Luke's Hospital
  • Dual Drive Thru Equipped
  • Below Replacement Rent

OVERVIEW

AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire this exceptionally located Chick-fil-A ground lease in Stroudsburg, Pennsylvania. Built in 2019, the 4,730 SF freestanding restaurant sits on a 1.11-acre parcel with dual drive- thru lanes and is operated under a 20-year NNN ground lease with approximately 13.5 years remaining. The lease features rental increases in years 11 and 16 of the primary term as well as in each of six (6) five-year renewal options. Chick-fil-A is a dominant force in the quick-service sector, generating over $22 billion in systemwide sales with industry- leading average unit volumes of ~$9.3 million per restaurant—the highest of any QSR brand in the U.S. The company now operates more than 3,100 locations, with continued expansion into urban cores, airports, and international markets. The property is strategically located at a hard corner just off Interstate 80 (47,000+ VPD) within the region’s major retail corridor, offering excellent visibility and access. It is directly across from the new state-of-the-art St. Luke’s Monroe Campus, a 90-bed, 180,000+ SF hospital serving Monroe County and the greater Pocono region. Surrounded by leading national retailers including Lowe’s, Target, The Home Depot, BJ’s Wholesale, Giant, Dick’s Sporting Goods, and Best Buy, the site enjoys exceptional retail synergy and draws from a trade area with an average household income of over $94,000 within three miles. As the county seat and commercial hub of the Pocono Mountains—a region attracting more than 29 million visitors annually—Stroudsburg offers investors a prime combination of strong demographics and enduring market fundamentals.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$570 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

115 Plaza 611 Ln

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

CROSS STREETS

Wigwam Park Rd.

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C2

APN/PARCEL ID

17.17.1.17-1

ASK ABOUT THIS PROPERTY

Miles ElamAiCRE PartnersMore Info
949-374-1163

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Miles ElamAiCRE PartnersMore Info
949-374-1163

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.