Single-Tenant Drive-Through
For Sale
Contact for pricing
Pending
8203 Veterans Hwy, Millersville, MD 21108
Wendy’s has operated at the site since 1977, with a 2021 remodel and an absolute NNN lease.
Property SizeContact for details
Days on Market142
Property Features for 8203 Veterans Hwy
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
37,000 vehicles/day
Building Details
Year Renovated
2021
Tenancy
Single
Listing Agency:
KLNB Commercial Real Estate Services
Listed By:
Christopher Burnham · License #MD
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KLNB Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This single-tenant drive-through restaurant is occupied by Wendy’s under an absolute NNN lease. The location has served the tenant since 1977 and received a remodel in 2021. The current lease runs through 2027 and includes two 5-year extension options, with a 10% rent increase during each option period.
The property is positioned at Veterans Avenue and Old Mill Road in Millersville, Maryland. Reported traffic volumes exceed 37,000 VPD at the intersection, while nearby Interstate 97 carries more than 129,000 VPD. Within three miles, the surrounding area includes more than 75,000 residents with average income above $86,000.
A portion of the land is subleased to Bank of America for a drive-through ATM. The tenant and landlord share that additional income equally, providing an income stream separate from the stated lease terms.
The property is positioned at Veterans Avenue and Old Mill Road in Millersville, Maryland. Reported traffic volumes exceed 37,000 VPD at the intersection, while nearby Interstate 97 carries more than 129,000 VPD. Within three miles, the surrounding area includes more than 75,000 residents with average income above $86,000.
A portion of the land is subleased to Bank of America for a drive-through ATM. The tenant and landlord share that additional income equally, providing an income stream separate from the stated lease terms.
Key Highlights
- Single‑tenant Wendy’s occupied since 1977
- Remodeled in 2021
- Absolute NNN lease expires in 2027
Property Analytics
Property Profile
Current Use
Lease Details
37,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
215k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 39%
Groceries 12%
Apparel 3%
Wawa
Shops & Services
36,492 visits/mo
0.4 miles
McDonald's
Dining
36,201 visits/mo
0.1 miles
Shoppers Food & Pharmacy
Groceries
26,041 visits/mo
0.1 miles
Taco Bell
Dining
20,214 visits/mo
0.3 miles
Starbucks
Dining
18,424 visits/mo
0.2 miles
Demographics for 21108, MD
18,065
Population
6,526
Households
2.8
Avg Household Size
40
Median Age
54%
College-Educated
98%
High-School Grad
12.9 sq mi
ZIP Area
1,400
Density / Sq Mi
$146,556
Median Household Income
$61,218
Median Earnings
$2,030
Median Rent
$543,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Wendy’s has operated at the site since 1977, with a 2021 remodel and an absolute NNN lease.
Where is this drive through restaurant located?
The property is located at 8203 Veterans Hwy Millersville, MD.
What are key features of this property?
This property features: Single‑tenant Wendy’s occupied since 1977; Remodeled in 2021; Absolute NNN lease expires in 2027
