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Restaurant

Wendy's

2615 Linglestown Rd, Harrisburg, PA 17110

Listing Price: $2,200,000

Cap Rate
4.50%
Tenant Name
Yellow Cab Holdings
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,514
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.38

Investment Overview

Marcus & Millichap is proud to present this brand new build-to-suit Wendy’s restaurant in Harrisburg, Pennsylvania. The brand new lease is a 20-year absolute-net ground lease which commenced in December of 2021. The lease also contains 10 percent increases every five years starting in year eight, including the two options to extend. The first option is five years and the second one is four years and eleven months. Coming soon to Susquehanna Township in Harrisburg, PA is Susquehanna Union Green, a Traditional Neighborhood Development. Conveniently located on the southeast corner of Linglestown Road and Progress Avenue, Susquehanna Union Green will include a desirable blend of homes, open space, and shops, including public greens, commercial/retail destinations, a hotel, apartments, and a variety of new homes. At the heart of Susquehanna Union Green is the Central Green, set to be the future scene of lively community activities, special events, and a seasonal pop up attractions. The community will feature 40 single-family home sites that will be available mid to late 2021. https://www.ownalandmark.com/communities/susquehanna-union-green/

Investment Highlights

  • Brand New Absolute Triple Net Ground Lease
  • Brand New 20 Year Lease Commenced December 2021
  • Tenant Paying to Construct the Building Themselves
  • 10 Percent Increases in Rent every Five Years Starting Year Eight, including Options
  • Located in the new Susquehanna Union Green Development

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $2,200,000

Cap Rate
4.50%
Tenant Name
Yellow Cab Holdings
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,514
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.38

Investment Highlights

  • Brand New Absolute Triple Net Ground Lease
  • Brand New 20 Year Lease Commenced December 2021
  • Tenant Paying to Construct the Building Themselves
  • 10 Percent Increases in Rent every Five Years Starting Year Eight, including Options
  • Located in the new Susquehanna Union Green Development

Investment Overview

Marcus & Millichap is proud to present this brand new build-to-suit Wendy’s restaurant in Harrisburg, Pennsylvania. The brand new lease is a 20-year absolute-net ground lease which commenced in December of 2021. The lease also contains 10 percent increases every five years starting in year eight, including the two options to extend. The first option is five years and the second one is four years and eleven months. Coming soon to Susquehanna Township in Harrisburg, PA is Susquehanna Union Green, a Traditional Neighborhood Development. Conveniently located on the southeast corner of Linglestown Road and Progress Avenue, Susquehanna Union Green will include a desirable blend of homes, open space, and shops, including public greens, commercial/retail destinations, a hotel, apartments, and a variety of new homes. At the heart of Susquehanna Union Green is the Central Green, set to be the future scene of lively community activities, special events, and a seasonal pop up attractions. The community will feature 40 single-family home sites that will be available mid to late 2021. https://www.ownalandmark.com/communities/susquehanna-union-green/

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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