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Wendy's

101 Lincoln Street, Pecos, TX 79772

$1,818,181

Cap Rate 5.50%

Views: 133 DOM: 360 Updated: 08.19.24 Posted: 09.13.23 Status: Active

Summary

Price $1,818,181
Built/Renov 2024
Tenant Wendy's
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,555
Lease Start 11-01-2024
#Units 90
Price/SF $711.62
Expiration 10-31-2039
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 15.1
Ownership Fee Simple
Rent/SF $39.14
Increases 7.5%/5/yrs
Pop 5Mi 13,904
Lot/AC 0.83
Options 3/5yrs/7.5%
AHHI 5Mi $59,334

Gabriel Britti
Marcus & Millichap
Contact

Ronnie Issenberg
Marcus & Millichap
Contact

Lease Highlights

  • Brand new 2024 construction
  • Wendy’s will be signing a brand new 15-year lease with 3 (5-year) options to extend at the close of escrow
  • Lease features rental increases of 7.5% every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Wen Jai Restaurant Group (90 units)

Location Description

Wendys is conveniently located on Lincoln Street, with a daily traffic count of 3,969 vehicles passing by. The subject property is surrounded by several apartment complexes, including Pecos Residential Apartments, Casa Manana Apartments, Desert Oak Apartments, and many more. In addition, the area boasts a variety of major national retailers, such as Walmart, Bealls, Dollar General, United...

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Key Features

  • New construction

  • Near major nationals

  • Strategically located

  • Hospital close

  • Highway close

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Personal guarantee

  • 50+ unit franchisee backed

    • ...

Links

Wendy's Wikipedia Wendy's Wikipedia Pecos, Texas Zip Code 79772 Broker Site Page

Documents

Download OM

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 : 5,435 11,554 13,600
2023 Total Population : 5,339 11,543 13,625
2023 Employed Civilian Pop : 2,697 4,884 5,323
2023 Total Businesses : 147 453 459
2023 Average Household Income : $ 102,031 $ 84,485 $ 84,165
2023 Total Consumer Spending : $ 172 M $ 280 M $ 291 M
2023 Median Age : 36 37 36
2023 Total Households : 1,856 3,657 3,816
2023 Pop Age 25+: Bachelor's Degree : 303 625 776
2023 Average Home Value : $ 131,974 $ 151,481 $ 151,331
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Eddy Street Madison St 2021 11,203 0.44 mi
South Eddy Street W Normandy St 2020 9,494 0.44 mi
W County Rd 2021 3,900 0.58 mi
Hwy 285 2021 10,609 0.60 mi
South Cedar Street E 4th St 2021 13,085 0.60 mi
South Cedar Street Olive St 2020 13,999 0.61 mi
W County Rd 2021 950 0.63 mi
S Cedar St E 16th St 2002 4,800 0.68 mi
TX 121 S Frontage Rd 2020 17,097 0.68 mi
South Eddy Street Stafford Blvd 2021 6,841 0.79 mi

Listing Broker

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