Wendy's (GL)

10926 Culebra Road, San Antonio, TX 78253

$3,267,000

Cap Rate 5.00%

Views: 49 DOM: 119 Updated: 04.26.24 Posted: 01.18.24 Status: Active

Summary

Price $3,267,000	Built/Renov 2013	Tenant Wendy's (GL)
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,675	Lease Start 06-01-2013	#Units 7,095
Price/SF $1,221.31	Expiration 05-31-2033	Tenant Type Fast Food/QSR
NOI $163,350	R. Term 9.0	Ownership Ground Lease
Rent/SF $61.07	Increases 10.0%/4/yrs	Pop 5Mi 278,245
Lot/AC 1.52	Options 4/5yrs	AHHI 5Mi $111,550

Lease Highlights

Wendy’s has 9+ years remaining on the current ground lease term with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term, FMV at the start of option 1, and 10% at the start of each remaining option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Wendy’s is strategically positioned on Culebra Rd, with access to 41,661 vehicles passing by daily. Additionally, the property features shared cross access with In-N-Out and Raising Cane’s. It is conveniently situated next to Alamo Ranch Power Center, anchored by Target, Lowe’s (shadow anchored), Ross Dress for Less, Michaels, Dick’s Sporting Goods, Best Buy, and more. The 5-mile trade area is...

...

Key Features

Dense retail corridor
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Traded and rated company
Corporate Guarantee

...

Links

Wendy's Wikipedia Wendy's Wikipedia San Antonio, Texas Zip Code 78253 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wendy's
Guarantor:Corp T and Rated
Company:The Wendy's Company
# Units:7,095
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: WEN

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 :	12,754	125,830	304,287
2023 Total Population :	12,184	117,022	281,420
2023 Employed Civilian Pop :	6,418	60,701	143,785
2023 Total Businesses :	503	1,532	4,209
2023 Average Household Income :	$ 90,020	$ 114,647	$ 111,494
2023 Total Consumer Spending :	$ 359 M	$ 3993 M	$ 9341 M
2023 Median Age :	32	34	35
2023 Total Households :	4,612	40,566	97,553
2023 Pop Age 25+: Bachelor's Degree :	1,885	20,845	48,475
2023 Average Home Value :	$ 234,360	$ 273,487	$ 274,599

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Culebra Rd	Westwood Loop	2013	41,661	0.07 mi
Culebra Rd	Westwood Loop	2012	34,589	0.13 mi
Culebra Road	Lp 1604 Access Rd	2021	51,291	0.19 mi
Culebra Road	Leslie Rd	2020	32,069	0.19 mi
West Loop 1604 North	Westwood Loop	2021	24,314	0.22 mi
Westwood Vis	Leslie Rd	2012	1,259	0.25 mi
Anderson Loop	Culebra Rd	2020	95,972	0.26 mi
Anderson Loop	Westwood Vis	2018	113,746	0.27 mi
Anderson Loop	Westwood Vis	2021	78,159	0.28 mi
C W Anderson Loop	Culebra Rd	2013	90,645	0.30 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7357 Views
42 Sold

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6782 Views
40 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

...

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

...

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