Listed by SURMOUNT
$1,907,400
Wendy's
Details
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 3,152
Cap Rate 7.00%
NOI $133,518
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 1978
Acreage 1.230
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 04/19/2017
Ground Lease No
Ownership Fee Simple
Retail | 7.00% CAP | 3,152 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 3925 North Front Street, Harrisburg, PA 17110. The site consists of roughly 3,152 rentable square feet of building space on an estimated 1.23-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 $133,518 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.
- Proximity to Pennsylvania State Capitol: The property sits minutes from the Pennsylvania State Capitol Complex, the epicenter of state government operations and one of the region's largest employment concentrations, with an estimated 15,000+ state employees working in Dauphin County
- Strong Demographics: The subject property is surrounded by 137,800+ residents within a 5-mile radius, supported by an affluent consumer base with average household incomes reaching $99,100 within just 3 miles.
- Proximity to Major Medical Campuses: The subject property benefits from close proximity to two significant healthcare facilities, UPMC Harrisburg (422 beds), a full-service acute care hospital in downtown Harrisburg, and the Pennsylvania Psychiatric Institute (89 beds), a specialized inpatient facility at its Polyclinic campus on North Third Street.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$133,518.00
$11,126.50/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
COL CommercialGeneral CommercialCommercial Office Limited
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Property History
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