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| Price $3,267,000 | Tenant Wendy’s | |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,675
| Lease Start
06-01-2013
| #Units
7,240
|
| Price/SF $1,221.31 | Expiration
05-31-2033
| Tenant Type Fast Food/QSR |
| NOI $163,350 | R. Term 7.8 | Ownership Fee Simple |
| Rent/SF
$61.07
| Increases 10.0%/6/yrs | Pop 5Mi 278,245 |
| Lot/AC 1.52 | Options 4/5yrs/10% | AHHI 5Mi $111,550 |
| | |
Absolute NNN lease with zero landlord responsibilities.
20-year lease term, expiring May 31, 2033.
Over 9.5 years remaining on primary lease term.
Four 5-year renewal options with 10% rent increases.
Positioned as outparcel to Alamo Ranch Power Center.
Strong 5-mile demographics: 278,245 residents, $111,550 AHHI.
High traffic counts: 41,661 VPD on Culebra Rd, 111,400 VPD on Loop 1604.
Wendy’s – San Antonio, TX is strategically located along Culebra Road in San Antonio, Texas, with access to a daily traffic count of approximately 41,661 vehicles on Culebra Rd and 111,400 vehicles on Loop 1604. The site is surrounded by major national retailers including Target, Lowe’s, Ross Dress for Less, Best Buy, Michaels, Dick’s Sporting Goods, In-N-Out, Chick-fil-A, Raising Cane’s,...
...Oversized lot
In location for years
Major thoroughfare
Near major nationals
Top 100 MSA
Business growth area
Long 20+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
