1010 O'Neil Hwy Dunmore PA 18503
NNN Retail | Medical Investment with Value-Add Upside – Dunmore, PA
Marketing description
Introducing a high-performing, multi-tenant NNN investment opportunity located at 1010 O’Neil Highway in Dunmore, PA, within the core Scranton/Wilkes-Barre MSA. This 103,000+ SF asset is anchored by a strong mix of national and regional tenants including Big Lots, Lehigh Valley Health Network (LVHN), EFO Furniture, and PennDOT, providing stable in-place income backed by corporate and government credit.
What separates this opportunity is its meaningful value-add component. The property includes 9,500+ SF of vacant warehouse space, allowing an investor to immediately increase NOI through lease-up. In addition, the rear of the property features ±1.5 acres of fully paved excess land, a highly sought-after asset in today’s market. This area is ideal for hotel overflow parking, truck parking, fleet storage, or other industrial outdoor storage (IOS) uses, all of which are in strong demand throughout Northeastern Pennsylvania. This upside has been thoughtfully incorporated into the ownership’s proforma, presenting a clear path to increased cash flow and value creation.
Strategically positioned along O’Neil Highway with strong traffic counts and immediate access to I-81 and I-84, the property benefits from excellent regional connectivity and a dense surrounding population base of over 90,000 within a 5-mile radius. The site’s Highway Commercial zoning supports a wide range of uses, further enhancing its long-term flexibility and exit optionality.
This is a rare opportunity to acquire a stable, income-producing asset with built-in upside through lease-up and excess land monetization in one of NEPA’s most established retail corridors.
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