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Wendy's 100 N Progress Ave 2,542 SF Retail Building Harrisburg, PA 17109 $2,859,535 CAD ($1,124.92 CAD/SF) 7% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee — Yellow Cab Holdings, LLC (90+ Units)
- Dominant Retail Corridor
- Strong Surrounding Demographics
- Proximity to Pennsylvania State Capitol
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 100 North Progress Avenue, Harrisburg, PA 17109. The site consists of roughly 2,629 rentable square feet of building space on an estimated .9-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 4/19/2017. The current annual rent is $142,610 and has scheduled increases of 10% on 5/1/2027.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,542 SF
Building Class
C
Year Built
1976
Price
$2,859,535 CAD
Price Per SF
$1,124.92 CAD
Cap Rate
7%
NOI
$200,167 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 62-033-033 | Improvements Assessment | $276,030 CAD |
| Land Assessment | $349,911 CAD | Total Assessment | $625,941 CAD |
Property Taxes
Parcel Number
62-033-033
Land Assessment
$349,911 CAD
Improvements Assessment
$276,030 CAD
Total Assessment
$625,941 CAD
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Wendy's | 100 N Progress Ave
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