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1660 S Market St 2,597 SF Retail Building Elizabethtown, PA 17022 $2,020,629 ($778.06/SF) 7% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee — Yellow Cab Holdings, LLC
- Harrisburg International Airport
- Adjacent to Market Street Square
- Proximity to Elizabethtown College
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 1660 South Market Street, Elizabethtown, PA 17022. The site consists of roughly 2,597 rentable square feet of building space on an estimated .86-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 $141,444 and has scheduled increases of 10% every 5 years
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,597 SF
Building Class
C
Year Built
1999
Price
$2,020,629
Price Per SF
$778.06
Cap Rate
7%
NOI
$141,444
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.86 AC
Zoning
C-2
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 460-49532-0-0000 | Improvements Assessment | $431,100 |
| Land Assessment | $201,600 | Total Assessment | $632,700 |
Property Taxes
Parcel Number
460-49532-0-0000
Land Assessment
$201,600
Improvements Assessment
$431,100
Total Assessment
$632,700
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