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Wendy's 401 W Emaus Ave 2,699 SF Retail Building Allentown, PA 18103 $1,456,563 ($539.67/SF) 6.75% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee — Yellow Cab Holdings, LLC (90+ Units)
- Proximity to Allentown Queen City Municipal Airport
- Dense Urban Trade Area
- Proximity to Major Healthcare Systems
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 1980 South 4th Street, Allentown, PA 18103. The site consists of roughly 2,621 rentable square feet of building space on an estimated .48-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 12/27/2017. The current annual rent is $98,318 and has scheduled increases of 10% on 1/1/2028.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,699 SF
Building Class
C
Year Built
2005
Price
$1,456,563
Price Per SF
$539.67
Cap Rate
6.75%
NOI
$98,318
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
B-3
Parking
30 Spaces (11.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 640651968532-1 | Improvements Assessment | $865,600 |
| Land Assessment | $206,700 | Total Assessment | $1,072,300 |
Property Taxes
Parcel Number
640651968532-1
Land Assessment
$206,700
Improvements Assessment
$865,600
Total Assessment
$1,072,300
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