Listed by SURMOUNT
$1,456,563
Wendy's
Details
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 2,621
Cap Rate 6.75%
NOI $98,318
Tenancy Single
Brand/Tenant Wendy's
Lease Type NNN
Lease Term 20
Lease Expiration 12/31/2037
Rent Bumps Yes
Lease Options 2x5
Year Built 2005
Acreage 0.480
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/27/2017
Ground Lease No
Ownership Fee Simple
Retail | 6.75% CAP | 2,621 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 1980 South 4th Street, Allentown, PA 18103. The site consists of roughly 2,621 rentable square feet of building space on an estimated .48-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 12/27/2017. The current annual rent is $98,318 and has scheduled increases of 10% on 1/1/2028.
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
- Dense Urban Trade Area: The subject property is surrounded by 111,600 residents within a 3-mile radius and 240,000 residents within 5 miles, reflecting Allentown's position as the state's third-largest city and the economic core of the broader Lehigh Valley MSA.
- Proximity to Allentown Queen City Municipal Airport: The subject property sits in close proximity to Allentown Queen City Municipal Airport (XLL), a general aviation facility owned by the Lehigh-Northampton Airport Authority recording 25,000+ annual aircraft operations and serving the Lehigh Valley's business aviation, charter, and flight training community.
- Proximity to Major Healthcare Systems: The subject property benefits from its position within the immediate sphere of the Lehigh Valley's two dominant healthcare systems, Lehigh Valley Health Network 23,000 employees and St. Luke's University Health Network 21,000 employees and 215 beds, which together represent the region's two largest private employers and a combined workforce of 44,000 healthcare professionals.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,318.00
$8,193.17/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
B-3 CommercialSpecial CommercialHighway Business
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View all 157 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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