951 Viewmont Dr
Scranton, PA 18519
Staples | Scranton, PA · Retail Property For Sale

The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM and parking, and payment of all taxes, utilities, and insurances. There are nine (9) years remaining on the lease term, plus two (2), five (5) year options. The lease provides for a 5.92% rental increase at Option 1, and a 5.59% rental increase at Option 2. There are 136,012 residents located in the five (5) mile demographic ring. The average household income in the five (5) mile demographic ring is $65,561. Staples is located directly adjacent to the 689,000-square foot Viewmont Mall, which houses many nationally-recognized tenants such as Old Navy, Bath & Body Works, Express, JC Penney, Dick’s Sporting Goods, Macy’s, Forever 21 and Home Goods. The subject property is surrounded by a critical mass of big box retailers, which help drive traffic to the store. Nearby stores include Walmart Supercenter, Target, Sam’s Club, Hobby Lobby, Kohl’s, Best Buy, Mattress Firm and Gander Outdoors, among many others. The next closest Staples is 24 Miles away in Wilkes-Barre Township. This location is the only one serving the city of Scranton. Staples has strong frontage on Viewmont Dr. and excellent visibility on I-81, which reports traffic counts of 62,000 cars per day. Scranton is the sixth-largest city in the Commonwealth of Pennsylvania. It is the county seat and largest city of Lackawanna County.