240 Perry Hwy - Fast Food FOR SALE


Harmony, PA 16037
$2,286,000 USD
724-840-0859
240 Perry Hwy, Harmony, PA for Sale
$2,286,000 USD
Fast Food - FOR SALE
1/1
null | 5.25% Cap Rate

240 Perry Hwy
Harmony, PA 16037


HIGHLIGHTS

  • Brand New 20-Year Ground Lease
  • Experienced Wendy's Operator
  • Part of Greater Retail Development Site
  • Immediate Frontage with Easy Accessibility
  • Limited Competition
  • Fast Growing Submarket within Premier School District

OVERVIEW

CBRE, as exclusive agent for the Owner, is pleased to present the opportunity to acquire the Wendy’s (the “Property”) located at 240 Perry Hwy in Harmony, PA. Wendy’s is a part of Jackson Village, a master-planned retail development. The site is under a 20 year ground lease operated by Delight OR 1, LLC. The Lease provides for 10% increases every 5 years with five 5-year options. Wendy’s benefits greatly from the complimentary tenant mix offered by Jackson Village that includes ALDI, Circle K, Taco Bell, Starbucks, West-Aircomm Credit Union and O’Reilly Auto Parts. Fronting State Route 19 (Perry Highway), with traffic counts in excess of 10,000 ADT, Wendy’s is served by three points of ingress/egress, including a signalized intersection at State Route 19 (Perry Highway) and State Route 3025 (Little Creek Road). A plaza monument sign prominently displays each tenant at the entrance of Jackson Village. Wendy’s is approximately 1.5 miles from the Seneca Valley School Campus which counts an enrollment in excess of 3,500 students. Wendy’s is located in Jackson Township approximately 20 miles north of downtown Pittsburgh PA. The surrounding area has been the focal point of a number of new residential developments over the last 5 years, and there is even more under construction and in planning. Jackson Township is located in Butler County, PA. Fueled by its positioning near major MSAs, close proximity to regional high school, direct access to highways, and a low cost of living and tax base, Butler County has continued to see steady increases in population dating back to the 1970s. Wendy’s is part of the larger Jackson Village master plan. There are additional parcels available as a portfolio or one-off. Inquire with Broker for details.

FOR SALE DETAILS

PRICE

$2,286,000 USD

PRICE/SF

$914 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wendy's - Jackson Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

180-4F100-13A-0000

ASK ABOUT THIS PROPERTY

Brendan BashCBREMore Info
724-840-0859

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Brendan BashCBREMore Info
724-840-0859

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