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Wendy's 1075 S State St 2,153 SF Retail Building Ephrata, PA 17522 $1,870,000 ($868.56/SF) 7.25% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee
- Proximity to WellSpan Ephrata Community Hospital
- Signalized Hard Corner
- Strong Academic Presence
Executive Summary
SURMOUNT is pleased to present the exclusive listing for a Wendy's located at 1075 South State Street, Ephrata, Pennsylvania 17522. The site consists of roughly 2220 rentable square feet of building space on an estimated 0.73-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 4/19/2017. The current annual rent is $135,575 and has scheduled increases of 10% on 1/1/2027.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,153 SF
Building Class
C
Year Built
1983
Price
$1,870,000
Price Per SF
$868.56
Cap Rate
7.25%
NOI
$135,575
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.75 AC
Zoning
HC
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 260-16476-0-0000 | Improvements Assessment | $286,400 |
| Land Assessment | $118,200 | Total Assessment | $404,600 |
Property Taxes
Parcel Number
260-16476-0-0000
Land Assessment
$118,200
Improvements Assessment
$286,400
Total Assessment
$404,600
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Wendy's | 1075 S State St
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