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Wendy's 100 N Progress Ave 2,542 SF Retail Building Harrisburg, PA 17109 $2,037,286 ($801.45/SF) 7% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee — Yellow Cab Holdings, LLC (90+ Units)
- Dominant Retail Corridor
- Strong Surrounding Demographics
- Proximity to Pennsylvania State Capitol
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,542 SF
Building Class
C
Year Built
1976
Price
$2,037,286
Price Per SF
$801.45
Cap Rate
7%
NOI
$142,610
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 62-033-033 | Improvements Assessment | $195,400 |
| Land Assessment | $247,700 | Total Assessment | $443,100 |
Property Taxes
Parcel Number
62-033-033
Land Assessment
$247,700
Improvements Assessment
$195,400
Total Assessment
$443,100
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Wendy's | 100 N Progress Ave
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