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Wendy's

$2,272,000

743 E Main St, Palmyra, PA 17078

Active
Last Updated: 08/05/2026

5.25

Cap Rate

119,240

NOI

Details:
Cap Rate:    5.25%
NOI:    $119,240
Building Size:    2,765 sqft
Lot Area:    0.8044 acres
Year Built:    1981
Floors:    1
Highlights:
  • Absolute Net Lease | Zero Landlord Responsibilities | Ideal for Passive Investor
  • 15+ Year Absolute NNN Lease – Stable Cash Flow Asset – Two (5-Year) Options To Renew
  • Historical Occupancy - 30+ Years | Tenant Remodel in 2025, Showcasing Longevity and Strong Commitment
  • 2% Rent Increases Every Year | Compounding Interest | Next Bump Scheduled March 1, 2027
  • 2,765 SF QSR w/ Drive-Thru Situated on .80 Acres | Proximity to The Hershey Company World Headquarters (4 miles Away)
  • Excellent Visibility With Two Points Of Access From E Main St (US Route 422 - Benjamin Franklin Hwy) w/ 18,000+ VPD
  • Prime Central PA Location | Affluent Demographics | $111,020 Average Household Income Within 5-Miles
  • Population within a 3-Mile Radius of Subject Property Exceeds 26,211 and projected to Grow over 5 years
  • Operated by Yellow Cab Holdings, LLC Which Operates 82+/- Locations Across 3 States and Growing (PA, NJ & NY)
  • Neighboring National Retailers Include: CVS, Sheetz, McDonalds, Walmart, Lowe's, WEIS, Dairy Queen, AutoZone, KFC, First National Bank, Advance Auto Parts, DaVita, AT&T, Texas Roadhouse, Mavis Tire & Brakes and Many More
Description:

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Located within Lebanon County and strategically positioned between Harrisburg and Lebanon, Palmyra, Pennsylvania benefits from its proximity to the greater Central Pennsylvania economic corridor and neighboring Hershey — one of the region’s strongest employment and tourism anchors. The area is supported by a diverse economic base driven by healthcare, logistics, manufacturing, retail, and hospitality, with major regional employers including the Hershey entertainment and medical network, distribution operators, and local manufacturing firms. Palmyra’s location along key regional transportation routes provides convenient access to Harrisburg, Lancaster, and the broader Mid-Atlantic region, supporting continued commercial and residential demand.

The market has experienced steady long-term population and income growth, supported by strong household formation and suburban migration trends throughout Central Pennsylvania. Median household incomes in Palmyra exceed national averages, while employment growth in the area continues to expand across healthcare, retail, and professional services sectors. The community has also benefited from ongoing residential development and infrastructure investment as demand for affordable suburban alternatives near Hershey and Harrisburg remains elevated.

Palmyra offers an attractive combination of small-town stability and regional accessibility, making it a desirable location for both residents and businesses alike. The area’s proximity to major tourism drivers, medical facilities, national retailers, and expanding distribution infrastructure continues to enhance the long-term outlook for commercial real estate within the market. With limited supply, durable consumer demand, and strong regional connectivity, Palmyra remains well-positioned for sustained economic activity and future growth throughout the Central Pennsylvania region

Map:
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