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Restaurant

Wendy's 4 Property Master Lease

743 E Main St, Palmyra, PA 17078

Listing Price: $10,779,913

Cap Rate
5.00%
Tenant Name
Yellow Cab
Years Remaining On Lease
8.6
Guarantor
Franchisee Guarantee
Rentable SF
11,107
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.53

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for four Wendy’s locations located at 743 E. Main Street, Palmyra, PA 17078, 930 Lancaster Avenue, Reading, PA 19607, 712 Penn Avenue, West Reading, PA 19611, 7142 Hamilton Boulevad, Trexlertown, PA 18087. The properties consist of 2798, 2754,2511, and 3004 square feet of building space, respectively and are situated on approximately 0.78, 0,43, 0.8, 0.89 acres of land, respectively. The properties are subject to a long-term triple-net (NNN) lease. The current combined rent is $538,996. There are 2% annual rental increases that will continue through the nine (9)-year tenant renewal option. There are currently 9 years remaining on the base term of this lease.

Investment Highlights

  • Long Term Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Original 20 Year Term with 9 Years Remaining
  • Attractive Annual Two Percent (2.00%) Rental Escalations
  • One, Nine (9) Year Renewal Option Period
  • Operates under Yellow Cab, an 83 Unit Franchisee

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Restaurant

Wendy's 4 Property Master Lease

Listing Price: $10,779,913

Cap Rate
5.00%
Tenant Name
Yellow Cab
Years Remaining On Lease
8.6
Guarantor
Franchisee Guarantee
Rentable SF
11,107
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.53

Investment Highlights

  • Long Term Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Original 20 Year Term with 9 Years Remaining
  • Attractive Annual Two Percent (2.00%) Rental Escalations
  • One, Nine (9) Year Renewal Option Period
  • Operates under Yellow Cab, an 83 Unit Franchisee

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for four Wendy’s locations located at 743 E. Main Street, Palmyra, PA 17078, 930 Lancaster Avenue, Reading, PA 19607, 712 Penn Avenue, West Reading, PA 19611, 7142 Hamilton Boulevad, Trexlertown, PA 18087. The properties consist of 2798, 2754,2511, and 3004 square feet of building space, respectively and are situated on approximately 0.78, 0,43, 0.8, 0.89 acres of land, respectively. The properties are subject to a long-term triple-net (NNN) lease. The current combined rent is $538,996. There are 2% annual rental increases that will continue through the nine (9)-year tenant renewal option. There are currently 9 years remaining on the base term of this lease.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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