Wendy's - Net Lease Property for Sale
Harrisburg, PA
Key Investment Metrics
Price
$2,037,286
Cap Rate
7.0%
Net Operating Income
$142,610
Building Size
2629 SF
Lot Size
2,629 SF
Land Area
0.9 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
1976
Tenancy
Single
Rent Increases
10% on 5/1/2027
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Harrisburg, PA and represents an excellent investment opportunity for commercial real estate investors. The property features 2629 square feet of building space and was built in 1976.
With a cap rate of 7.0%, this Wendy's net lease property offers stable income potential. The asking price is $2,037,286, making it an attractive option for 1031 exchange investors seeking quality Wendy's commercial properties.
Why Invest in Wendy's NNN Properties?
- Stable Income: Wendy's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Wendy's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Harrisburg, PA Market Overview
Located in Harrisburg, PA, this Wendy's property benefits from strong local demographics and market fundamentals. The Harrisburg area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.