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HORVATH & TREMBLAY SELLS WENDY’S IN LEVITTOWN, PA FOR $2.62M A 5.34% CAP RATE

Wendy’s – Levittown, PA

February 26, 2019 – Mark Brockwell, Matthew Nadler and Robert DiFranco of Horvath & Tremblay have successfully completed the sale of Wendy’s in Levittown, Pennsylvania. Horvath & Tremblay represented the seller and procured the buyer in the transaction that closed at a sale price of $2,620,000, a 5.34% cap rate.

Wendy’s fully occupies a 3,101-square foot building located at 1151 S Oxford Valley Road. Wendy’s operates under a new 20-year, absolute triple net lease with four, 5-year options. In addition, rental escalations of 7.5% are scheduled every five years throughout the lease term and option periods. Additional nearby national retailers drawing consumers to the area include Pizza Hut, Wing Street, Giant Food Stores, Party City, Dollar Tree, McDonald’s, Wells Fargo, CVS, Arby’s, Shop Rite and Verizon.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.

2019-03-11T20:40:04-04:00