Listed by SURMOUNT
$2,037,286
Wendy's
Details
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 2,629
Net Rentable (SqFt) 2,629
Cap Rate 7.00%
NOI $142,610
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 1976
Acreage 0.900
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 04/19/2017
Ground Lease No
Ownership Fee Simple
Retail | 7.00% CAP | 2,629 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 100 North Progress Avenue, Harrisburg, PA 17109. The site consists of roughly 2,629 rentable square feet of building space on an estimated .9-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 $142,610 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.
- Strong Surrounding Demographics: The subject property is surrounded by more than 203,000 residents within a 5-mile radius, supported by average household incomes exceeding $93,100 within a 1-mile radius.
- Dominant Retail Corridor: The subject property is situated in close proximity to Union Square, a 318,000+ square-foot community shopping center anchored by Lowe’s, Weis Markets, Ashley Store, GIANT, and Gabe's, with additional national tenants including Texas Roadhouse, Chipotle, Starbucks, and more in the immediate area.
- Proximity to Pennsylvania State Capitol: The subject property benefits from its close proximity to the Pennsylvania State Capitol Complex, home to one of the region's largest and most stable employment concentrations, with an estimated 15,000+ state employees working in Dauphin County alone, approximately 6,800 of whom report to the office multiple days per week.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,610.00
$11,884.17/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
MU-1 MixedMixed UseMixed Use Corridor High Density
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View all 61 uses Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
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