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Wendy's 6335 Allentown Rd

3,280 SF Retail Building Temple Hills, MD 20748 $2,850,000 ($869/SF) 5.44% Cap Rate

Investment Highlights

  • 10 Year Absolute NNN Lease | No Landlord Responsibilities | Corporate Guaranteed
  • Store Renovation Starting Within First Two Years of Lease Extension
  • Average Household Income Exceeds $108,417 in 1-Mile Radius
  • Attractive 10% Rent Increases Every 5 Years
  • Incredible Demographics | 235,882 Residents in Immediate Trade Area
  • Traffic Counts Exceeding 18,694 Vehicles Per Day

Executive Summary

Marcus & Millichap is pleased to present for sale this 3,280 square foot Wendy’s Hamburger restaurant located at 6335 Allentown Road in Temple Hills, Maryland. Temple Hills is an unincorporated area and census-designated place in Prince George’s County, Maryland with a population of 8,350 residents. Temple Hills borders the communities of Hillcrest Heights, Marlow Heights, Camp Springs and Oxon Hill. Within the area are numerous garden apartments, duplexes, and single family communities which were constructed mostly from the 1950’s to the 1970’s. The adjacent communities of Hillcrest Heights and Marlow Heights are home to The Iverson Mall and marlow Heights Shopping Center, both of which also serve the community of Temple Hills. The area of Temple Hills is convenient to the Capital Beltway (I-95/I-495), the Metrorail Green Line, Andrews Air Force Base, The U.S. Census Bureau and Capitol Hill.
Many colleges and universities surround this Wendy’s Hamburger Restaurant including Prince George’s Community College with 10,244 enrolled students, University of Maryland with 40,800 enrolled students and Embry Riddle Aeromautical University 3ith 31,300 enrolled students.
Numerous apartment complexes also surround this Wendy’s including Henson Creek Apartments, Tribeca at Camp Springs, Westwood Place Apartments, Brinkley Manor, and Heather Hill Apartments.
The Wendy’s Company is an American Holding Company for the major fast food chain Wendy’s. The company’s principal subsidiary, Wendy’s International, is the franchisor of Wendy’s Restaurants. It is headquartered in Dublin, Ohio with 7,240 locations (6,030 in the United States and 1,006 International). It has over 14,500 employees and Revenue in 2023 was US $2.18 Billion.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,280 SF
Building Class
C
Year Built
1997
Price
$2,850,000
Price Per SF
$869
Cap Rate
5.44%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.16 AC
Zoning
CSC, County
Parking
60 Spaces (18.29 Spaces per 1,000 SF Leased)
Frontage
46 FT on Allentown Rd

Amenities

  • Pylon Sign
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-3068277
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,097,367
  • Listing ID: 33352314

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 6335 Allentown Rd, Temple Hills, MD 20748

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