100 N Progress Ave - Fast Food FOR SALE


Harrisburg, PA 17109- Progress/Colonial Park
$2,037,286 USD
973-970-0597
100 N Progress Ave, Harrisburg, PA for Sale
$2,037,286 USD
Fast Food - FOR SALE
1/5
null | 7% Cap Rate

100 N Progress Ave
Harrisburg, PA 17109
Progress/Colonial Park


HIGHLIGHTS

  • Strong Franchisee Guarantee — Yellow Cab Holdings, LLC (90+ Units)
  • Strong Surrounding Demographics
  • Dominant Retail Corridor
  • Proximity to Pennsylvania State Capitol

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,037,286 USD

PRICE/SF

$801 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

62-033-033

ASK ABOUT THIS PROPERTY

RJ SteinSurmountMore Info
973-970-0597

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RJ SteinSurmountMore Info
973-970-0597

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.