This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2037 S Broad St
Philadelphia, PA 19148
Wendy's · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Metro/Subway
- Restaurant
- Security System
- Signage
- Signalized Intersection
ABOUT 2037 S BROAD ST , PHILADELPHIA, PA 19148
Colliers international is pleased to present for sale a single tenant, net leased, urban Philadelphia Wendy’s restaurant located at 2037 South Broad Street. This site is a top performing location situated in a very dense urban market. It is located just south of City Center and Rittenhouse Square. The lease is guaranteed by Wendy’s corporate. The tenant is The Briad Group, one of the largest franchisees in the Wendy’s System. The Tenant currently operates under a NN lease. The lease contains four (4) renewal options and features 10% rent increases every five years. This is a NN lease structure with the landlord responsible for roof & structure. This investment opportunity is being offered for sale at $2,181,818, a net operating income of $120,000 and a corresponding cap rate of 5.50%.
