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| Price $2,403,846 $2,450,980 | Built/Renov 2023 | Tenant Wendy's |
| Cap Rate 5.20% 5.10% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,500
| Lease Start
06-01-2023
| #Units
84
|
| Price/SF $961.54 $102.30 | Expiration
05-31-2043
| Tenant Type Fast Food/QSR |
| NOI $125,000 | R. Term 18.0 | Ownership Fee Simple |
| Rent/SF
$5.22
| Increases 7.5%/5/yrs | Pop 5Mi 139,122 |
| Lot/AC 23,958.00 | Options 4/5yrs/7.5% | AHHI 5Mi $87,162 |
| | |
This newly constructed Wendy’s is strategically located along Sunland Park Drive which sees more than 13,000 vehicles passing by daily. This subject property is surrounded by many brand-new luxury home communities currently in development. The University of Texas at El Paso, El Paso Community College and Texas Tech University Health Sciences Center are also in the vicinity. Numerous shopping...
...New construction
Dense retail corridor
Near major nationals
University college close
Strong demographics
Income tax free state
Brand new lease
Long 20+ yr lease
Absolute NNN
50+ unit franchisee backed
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,935 | 71,854 | 140,897 |
| 2023 Total Population : | 5,931 | 71,008 | 138,977 |
| 2023 Employed Civilian Pop : | 2,920 | 33,126 | 63,789 |
| 2023 Total Businesses : | 459 | 2,915 | 4,670 |
| 2023 Average Household Income : | $ 80,895 | $ 87,414 | $ 99,653 |
| 2023 Total Consumer Spending : | $ 194 M | $ 2246 M | $ 4641 M |
| 2023 Median Age : | 35 | 36 | 36 |
| 2023 Total Households : | 2,752 | 29,413 | 53,821 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,262 | 13,444 | 26,703 |
| 2023 Average Home Value : | $ 219,181 | $ 250,871 | $ 265,425 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 2000 | 13,450 | 0.10 mi | ||
| Machuca Dr | J C Machuca St | 2002 | 930 | 0.12 mi |
| Constitution Dr | Sunland PkDr | 2002 | 22,920 | 0.13 mi |
| I- 10 | Sunland PkDr | 2000 | 4,941 | 0.18 mi |
| Doniphan Dr | Sunland PkDr | 2006 | 14,526 | 0.33 mi |
| Sunland Park Dr | Emory Rd | 2006 | 13,642 | 0.42 mi |
| TX 121 | E Paisano Dr | 2020 | 119,722 | 0.48 mi |
| I- 10 | E Paisano Dr | 2006 | 127,000 | 0.48 mi |
| Racetrack Dr | Doniphan Dr | 2006 | 10,891 | 0.50 mi |
| 2002 | 12,990 | 0.52 mi |
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Oak Creek, WI
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Abbeville, LA
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Burlington, NJ
Cap Rate 5.10%
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Davenport, FL
Cap Rate 4.50%
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Sevierville, TN
Cap Rate 5.15%
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Size/SF 959
Snellville, GA
Cap Rate 5.85%
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Baker City, OR
Cap Rate 6.00%
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Cap Rate 5.00%
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Kansas City, MO
Cap Rate 5.30%
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R. Term 14.80 yrs
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Austin, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 12.11 yrs
Size/SF 890
East Liverpool, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 15.80 yrs
Size/SF 5,062
Penitas, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 1,227
Clermont, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 950
North Richland Hills, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,142
Allen Park, MI
Cap Rate 5.25%
Lease Abs NNN
R. Term 3.11 yrs
Size/SF 4,488
Strongsville, OH
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 1,860
Port Charlotte, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 19.40 yrs
Size/SF 2,370
Morristown, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 990
Fort Worth, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.10 yrs
Size/SF 1,904
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
