Friday, August 20, 2010

Pennsylvania Wendy’s Portfolio Sells for $3.8M

"Valenti Mid-Atlantic Management sold three Wendy's restaurants in Eastern Pennsylvania to One Liberty Properties for $3.84 million, or approximately $512 per square foot.

The three retail buildings, located at 712 Penn Ave. in West Reading, 930 Lancaster Ave. in Reading and 743 East Main St. in Palmyra, total in 7,495 square feet. Wendy's occupies the buildings on 20-year leases with nine-year renewal options."

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