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Updated: 01.29.24 Posted: 06.06.23 Status: Sold

Summary

Price $2,380,952 $2,450,980
Built/Renov 2022
Tenant Wendy's
Cap Rate 5.25% 5.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,561
Lease Start 06-01-2023
#Units 84
Price/SF $929.70 $957.04
Expiration 05-31-2043
Tenant Type Fast Food/QSR
NOI $125,000
R. Term 18.0
Ownership Fee Simple
Rent/SF $48.81
Increases 7.5%/5/yrs
Pop 5Mi 126,049
Lot/AC 0.83
Options 4/5yrs/7.5%
AHHI 5Mi $58,052

Lease Highlights

  • Brand new 2023 construction with Drive-Thru
  • Tenant recently signed a brand-new 20-year lease with 4 (5-year) options to extend
  • The lease features a rental increase of 7.5% every 5 years throughout the initial term and option periods
  • Absolute NNN lease presents zero landlord responsibilities
  • Franchisee guaranteed by Wen Jai Restaurant Group (84-units)

Location Description

This newly constructed Wendy’s is strategically located along N Loop Drive with clear visibility and access to more than 22,000 vehicles passing by daily. It is positioned in a dense retail corridor surrounded by several national/credit tenants including Dollar Tree, Circle K, Wells Fargo, O’Reilly Auto Parts, 7-Eleven, and many more. Furthermore, the site is near Texas A & M University...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company, together with its subsidiaries, operates as a...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,342 54,060 138,859
2023 Total Population : 8,151 51,433 133,321
2023 Employed Civilian Pop : 3,566 21,087 56,358
2023 Total Businesses : 196 703 2,020
2023 Average Household Income : $ 64,137 $ 64,911 $ 73,943
2023 Total Consumer Spending : $ 148 M $ 913 M $ 2696 M
2023 Median Age : 31 31 32
2023 Total Households : 2,585 15,779 41,266
2023 Pop Age 25+: Bachelor's Degree : 501 2,759 11,717
2023 Average Home Value : $ 163,753 $ 167,319 $ 192,327
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Loop Dr Horn Cir 2002 14,800 0.02 mi
Horn Cir N Loop Dr 2002 500 0.08 mi
N Loop Dr N Rio Vista Rd 2002 13,580 0.23 mi
Horizon Blvd N Loop Dr 2002 13,530 0.29 mi
N Rio Vista Rd Kirkland St 2002 2,730 0.30 mi
Horizon Boulevard N Loop Dr 2020 22,468 0.32 mi
Horizon Boulevard Lydia Rd 2021 23,527 0.32 mi
Horizon Blvd Lydia Rd 2014 14,841 0.34 mi
Lydia Rd Bernice Ct 2002 1,590 0.36 mi
Horizon Blvd Maxine Dr 2002 19,200 0.44 mi

Listing Broker

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