Wendy's for Sale in Elizabethtown, PA
Elizabethtown, PA
Key Investment Metrics
Price
$2,020,629
Cap Rate
7.0%
Net Operating Income
$141,444
Building Size
2597 SF
Land Area
0.86 Acres
Remaining Term
11.3 years
Lease Expiration
04/30/2037
Lease Term
20 years
Lease Commencement
04/19/2017
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
1999
Tenancy
Single
Rent Increases
10% on 5/1/2027
Property overview
Wendy's in Elizabethtown
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,597 SF
- Land area
- 0.86 acres
- Year built
- 1999
- Lease type
- NNN
- Lease expiration
- 04/30/2037
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.