Wendy's - Jackson Village
Retail | 5.25% CAP
Marketing description
CBRE, as exclusive agent for the Owner, is pleased to present the opportunity to acquire the Wendy’s (the “Property”) located at 240 Perry Hwy in Harmony, PA. Wendy’s is a part of Jackson Village, a master-planned retail development. The site is under a 20 year ground lease operated by Delight OR 1, LLC. The Lease provides for 10% increases every 5 years with five 5-year options.
Wendy’s benefits greatly from the complimentary tenant mix offered by Jackson Village that includes ALDI, Circle K, Taco Bell, Starbucks, West-Aircomm Credit Union and O’Reilly Auto Parts. Fronting State Route 19 (Perry Highway), with traffic counts in excess of 10,000 ADT, Wendy’s is served by three points of ingress/egress, including a signalized intersection at State Route 19 (Perry Highway) and State Route 3025 (Little Creek Road). A plaza monument sign prominently displays each tenant at the entrance of Jackson Village. Wendy’s is approximately 1.5 miles from the Seneca Valley School Campus which counts an enrollment in excess of 3,500 students.
Wendy’s is located in Jackson Township approximately 20 miles north of downtown Pittsburgh PA. The surrounding area has been the focal point of a number of new residential developments over the last 5 years, and there is even more under construction and in planning. Jackson Township is located in Butler County, PA. Fueled by its positioning near major MSAs, close proximity to regional high school, direct access to highways, and a low cost of living and tax base, Butler County has continued to see steady increases in population dating back to the 1970s.
Wendy’s is part of the larger Jackson Village master plan. There are additional parcels available as a portfolio or one-off. Inquire with Broker for details.
Investment highlights
Brand New 20-Year Ground Lease
Wendy’s operates under a new 20-year ground lease that commenced in January of 2025 with 10% increases every 5 years through the initial term and 5 five-year option periods. Additionally, the ground lease structure provides the Landlord with a passive investment and no responsibilities.
Experienced Wendy’s Operator
The Property is operated by a Delight Restaurant Group subsidiary, Delight or 1, LLC. Delight Restaurant Group acquired Wendy’s restaurants in the greater Pittsburgh area as part of a larger (65 property) portfolio deal with previous owner, Primary Aim, LLC. Delight began acquiring Wendy’s restaurants in 2017 when they bought 30 Wendy’s in the Virginia Beach area. As of today, Delight Restaurant Group franchises 230+ restaurants with $525 million in annual revenue and 7,000 employees in 8 states.
Part of Greater Retail Development Site
Wendy’s is part of the brand new retail development site, Jackson Village, which provides a complimentary tenant mix including Aldi, Circle K, Taco Bell, Starbucks, West-Aircomm Credit Union and O’Reilly Auto Parts.
Immediate Frontage with Easy Accessibility
The Property has immediate frontage and visibility on Route 19 (Perry Highway) and is easily accessible through three points of ingress/egress to Jackson Village, including a signalized intersection at Route 19 & Route 3025. Furthermore, the Property is located only 1.4 miles from Interstate 79 (I-79), a vital north-south corridor connecting Pittsburgh to Erie and beyond with average vehicle counts in excess of 34,000.
Limited Competition
There is limited competition with the closest Wendy’s being located 10.5 miles (17 minute drive) away, providing a strong market share and dominance in the immediate area.
Fast Growing Submarket within Premier School District
Wendy’s is located in Jackson Township, a historic suburb that is located about 30 miles north of Pittsburgh. Jackson Township’s population has been steadily increasing, driven by its affordable housing, excellent schools, and outdoor recreational opportunities. The school district, Seneca Valley, is a highly-rated public school serving about 7,500 students and is consistently ranked among the top school districts in Pennsylvania, with high graduation rates and academic achievement scores. The Seneca Valley main campus is less than 2 miles from the site.
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