Wendy's - New 20-Year Absolute NNN Lease | 301 College ave
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Wendy's - New 20-Year Absolute NNN Lease 301 College ave
2,385 SF Retail Building Levelland, TX 79336 £2,235,571 (£937/SF) 5.25% Net Initial Yield
Investment Highlights
- Wendy’s New Global Next Gen Prototype Scheduled to Open January 2025
- Texas is a Tax-Free State
- Brand New, 20-Year Wendy’s Sale-Leaseback | Absolute NNN Property with Zero Landlord Responsibilities
- Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
Executive Summary
--Wendy’s New Global Next Gen Prototype Scheduled to Open January 2025--
--Brand New, 20-Year Wendy’s Sale-Leaseback--
--Texas is a Tax-Free State--
--Prime Retail Location--
-Highly-Trafficked Location at the Intersection of College Ave and Walnut St (Traffic Counts Exceed 15,000 Cars Per Day)
-Located up the Street from South Plains College with Over 10,000 Students
-Close Proximity to a Shopping Center Anchored by United Supermarkets
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Walmart, Starbucks, Pizza Hut, AT&T, HTeaO, O’Reilly Auto Parts, Stripes, Subway, Taco Bell, Tractor Supply, ACE Hardware, and Many More
--Experienced Wendy’s Franchisee--
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
-Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record:
Tim Speck
5001 Spring Valley Road, Suite 100W
Dallas, TX 75244
License: #9002994
--Brand New, 20-Year Wendy’s Sale-Leaseback--
--Texas is a Tax-Free State--
--Prime Retail Location--
-Highly-Trafficked Location at the Intersection of College Ave and Walnut St (Traffic Counts Exceed 15,000 Cars Per Day)
-Located up the Street from South Plains College with Over 10,000 Students
-Close Proximity to a Shopping Center Anchored by United Supermarkets
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Walmart, Starbucks, Pizza Hut, AT&T, HTeaO, O’Reilly Auto Parts, Stripes, Subway, Taco Bell, Tractor Supply, ACE Hardware, and Many More
--Experienced Wendy’s Franchisee--
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
-Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record:
Tim Speck
5001 Spring Valley Road, Suite 100W
Dallas, TX 75244
License: #9002994
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,385 SF
Year Built
2024
Price
£2,235,571
Price Per SF
£937
Net Initial Yield
5.25%
NOI
£117,368
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.59 AC
Frontage
177 ft on College Avenue
Amenities
- Drive Thru
Nearby Major Retailers
1 of 7
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Wendy's - New 20-Year Absolute NNN Lease | 301 College ave
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