Wendy's - Jackson Village 240 Perry Hwy 2,500 SF Retail Building Harmony, PA 16037 $2,286,000 ($914.40/SF) 5.25% Cap Rate

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.