1950 Pulaski HwyEdgewood, MD 21040

Property Details for 1950 Pulaski Hwy

Year built

2007

Lot size

1.14 AC

Property size (Sq ft)

2,578 SF

Zone code

B3

Property type

Drive through restaurants

APN

01-015885

APU

1015885

Description

This exceptional investment opportunity presents a fee-simple ownership of a Wendy's restaurant located at 1950 Pulaski Highway, Edgewood, Maryland, 21040. The property boasts a 2,578 square foot building on a 1.14-acre lot, constructed in 2007. Currently operating at 100% occupancy, this single-tenant, absolute NNN lease offers a substantial remaining term of 17.2 years, extending to January 31, 2042, with a 5-year renewal option. The lease features attractive 1.25% annual rent bumps, providing a hedge against inflation and a steady increase in net operating income (NOI), currently at $135,043, yielding a 5.50% cap rate on the $2,455,334 asking price. The property benefits from its prime location on Pulaski Highway (US 40), a major commercial corridor with high daily traffic counts exceeding 26,500 vehicles. Its visibility at a signalized intersection is further enhanced by its proximity to numerous national and local retailers, including Walmart, Target, and Lowe's, as well as densely populated residential areas. Convenient access to Interstate 95, MD Route 24, and the Edgewood Train Station adds to its strategic appeal. The tenant, Wend Baltimore North, LLC, a wholly owned subsidiary of Flynn Restaurant Group, one of the world's largest franchise operators, demonstrates a strong commitment to the location, having signed a new 21-year lease in 2021. This property offers a compelling combination of a long-term lease, strong tenant, and excellent location, making it an ideal investment for passive investors seeking a high-return, low-management opportunity. The property is situated within a thriving retail trade area with a substantial population base (over 53,600 within 3 miles, average household income $116,159) and is only a few miles from Aberdeen Proving Ground.

• CAP approach

  CAP return

  Valuation

  6%

  $614,600

  6.5%

  $567,323

  7%

  $526,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,669

  Geo Method

  $168,669

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,082,520

  Mixed-Use / Specialty

  $574,924

  Hospitality / Lodging

  $434,333

  Office

  $581,532

  Institutional / Educational

  $601,129

  Residential Income

  $703,321

  Multifamily

  $790,174

  Automotive / Energy

  $515,253

  Parking / Income-Based Land

  $168,300

  Restaurant / Food Service

  $319,561

  Healthcare / Senior Housing

  $579,705

Location Insight

City

Edgewood

County

Harford

State

Maryland

Latitude

39.436

Longitude

-76.3142

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].