loader
Join Free
Zeekin

Wendy's (GL)

1130 South Colorado Street, Lockhart, TX 78644

$1,800,000

Cap Rate 5.00%

DOM: 89 Updated: 07.22.24 Posted: 10.28.23 Status: Sold 01.25.24

Summary

Price $1,800,000
Built/Renov 2023
Tenant Wendy's (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,200
Lease Start 12-01-2023
#Units 400
Price/SF $562.50
Expiration 12-01-2043
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 18.7
Ownership Ground Lease
Rent/SF $28.13
Increases 10.0%/5/yrs
Pop 5Mi 32,708
Lot/AC 1.20
Options 4/5yrs/10%
AHHI 5Mi $86,594

Lindsey Snider
Fisher James Capital
Contact

Putnam Daily
Fisher James Capital
Contact

Lease Highlights

  • New 2023 construction featuring Wendy’s latest prototype design
  • Brand-new 20-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years in primary term and at the start of each option
  • Proven operator - Haza Foods is the largest Wendy’s Franchisee in the system with 400+ units
  • Income tax free state

Location Description

This newly constructed, double drive-thru Wendy’s is conveniently located along South Colorado St., with excellent visibility from the signalized intersection of S. Hwy 183 and Blackjack St., which see a combined 34,386 vehicles passing by daily. The property is situated across from Lockhart High School (1,800+ students), just 10 minutes from Lockhart 130 Industrial Park, a 45.1 acre Class A...

...

Key Features

  • New construction

  • Signalized intersection

  • Highway location

  • Top 100 MSA

  • New development zone

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Top franchise operator

    • ...

Links

Wendy's Wikipedia Wendy's Wikipedia Lockhart, Texas Zip Code 78644 Broker Site Page

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,243 16,189 19,011
2023 Total Population : 5,499 15,261 17,871
2023 Employed Civilian Pop : 1,960 6,448 7,702
2023 Total Businesses : 362 580 614
2023 Average Household Income : $ 86,657 $ 82,676 $ 82,577
2023 Total Consumer Spending : $ 126 M $ 378 M $ 436 M
2023 Median Age : 37 37 38
2023 Total Households : 1,657 5,247 6,060
2023 Pop Age 25+: Bachelor's Degree : 548 1,684 1,935
2023 Average Home Value : $ 183,555 $ 185,811 $ 203,281
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Commerce St Blackjack St 2010 3,590 0.06 mi
Farm-to-Market Road 20 S Main St 2020 8,227 0.07 mi
Farm-to-Market Road 20 S Main St 2021 7,811 0.07 mi
South Commerce Street Blackjack St 2015 2,780 0.07 mi
Farm-to-Market Road 20 S Commerce St 2021 8,781 0.08 mi
South Colorado Street S Main St 2021 23,989 0.08 mi
South Colorado Street White Oak St 2020 23,943 0.08 mi
S Main St State PkRd 2010 2,820 0.13 mi
South Main Street State PkRd 2015 2,727 0.13 mi
Trinity St Blackjack St 2010 1,260 0.16 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY USER PLANS
my activity