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| Price $1,758,000 | Built/Renov 2024 | Tenant Wendy's (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,155
| Lease Start
06-30-2024
| #Units
100
|
| Price/SF $815.78 | Expiration
06-30-2044
| Tenant Type Fast Food/QSR |
| NOI $83,500 | R. Term 19.6 | Ownership Ground Lease |
| Rent/SF
$38.75
| Increases 10.0%/5/yrs | Pop 5Mi 46,432 |
| Lot/AC 0.95 | Options 4/5yrs/10% | AHHI 5Mi $137,941 |
| | |
Wendy's is strategically located on West TX-29, with access to 23,618 vehicles passing by daily. The property is situated adjacent to Liberty Hill Middle School, Louine Noble Elementary School, and a recently developed Starbucks, with a planned Popeye’s. The immediate area is surrounded by other well-known national tenants, including Tractor Supply Company, Dollar General, and Dutch Bros...
...New construction
Build to suit
Dense retail corridor
Near major nationals
Strategically located
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Long 20+ yr lease
Top franchise operator
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 : | 5,199 | 20,470 | 62,000 |
| 2023 Total Population : | 4,646 | 17,081 | 46,294 |
| 2023 Employed Civilian Pop : | 2,303 | 8,681 | 23,664 |
| 2023 Total Businesses : | 132 | 423 | 619 |
| 2023 Average Household Income : | $ 115,589 | $ 134,051 | $ 137,998 |
| 2023 Total Consumer Spending : | $ 159 M | $ 634 M | $ 1794 M |
| 2023 Median Age : | 36 | 37 | 38 |
| 2023 Total Households : | 1,620 | 5,549 | 15,231 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,067 | 3,682 | 10,283 |
| 2023 Average Home Value : | $ 442,068 | $ 464,081 | $ 467,789 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Main Street | Hwy 29 | 2019 | 3,421 | 0.56 mi |
| State Hwy 29 | Loop 332 | 2005 | 14,000 | 0.58 mi |
| Ranch Road 1869 | Vineyard Rd | 2022 | 4,641 | 0.67 mi |
| Ranch Road 1869 | Hwy 29 | 2022 | 6,857 | 0.80 mi |
| Bar P Ranch Rd | Liberty Meadows Dr | 2005 | 10 | 0.89 mi |
| Loop 332 | Bell St | 2000 | 1,800 | 0.93 mi |
| Co Rd 213 | Hwy 29 | 2011 | 401 | 0.95 mi |
| Hwy 1869 | Snyders Trl | 2013 | 4,940 | 1.04 mi |
| County Road 279 | 2015 | 2,753 | 1.10 mi | |
| Co Rd 279 | Co Rd 278 | 2010 | 2,430 | 1.10 mi |
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Size/SF 600
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Cap Rate 5.00%
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
