Listed by SURMOUNT
$2,020,629
Wendy's
Details
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 2,597
Cap Rate 7.00%
NOI $141,444
Tenancy Single
Brand/Tenant Wendy's
Lease Type NNN
Lease Term 20
Lease Expiration 04/30/2037
Rent Bumps Yes
Lease Options 2x5
Year Built 1999
Acreage 0.860
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 04/19/2017
Ground Lease No
Ownership Fee Simple
Retail | 7.00% CAP | 2,597 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 1660 South Market Street, Elizabethtown, PA 17022. The site consists of roughly 2,597 rentable square feet of building space on an estimated .86-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 4/19/2017. The current annual rent is $141,444 and has scheduled increases of 10% on 5/1/2027.
Investment highlights
- Strong Franchisee Guarantee — Yellow Cab Holdings, LLC (90+ Units): The lease is guaranteed by Yellow Cab Holdings, LLC, a highly experienced multi-unit Wendy's franchisee operating 90+ locations.
- Adjacent to Market Street Square: The subject property is situated within one of Elizabethtown's most active retail corridors along South Market Street, flanked by a dominant mix of national tenants including Harbor Freight, Giant, Weis Markets, Starbucks, McDonald's, Taco Bell, and more.
- Harrisburg International Airport: The subject property is located just minutes from Harrisburg International Airport (MDT), Central Pennsylvania's primary air gateway, which set a record in 2025 by surpassing 1.6 million passengers — representing nearly 5,000 daily travelers passing through the region.
- Proximity to Elizabethtown College: The subject property is located just one mile from Elizabethtown College, a private institution enrolling approximately 2,150 students and supported by a faculty and staff base of 300+.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,444.00
$11,787.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
C-2 CommercialGeneral CommercialGeneral Commercial
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View all 41 uses Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
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