Restaurant
Wendy’s 2023 Brand New Construction 20 Year Lease
10630 N Loop Dr, Socorro, TX 79927
Listing Price: $2,450,980
Investment Overview
Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 10630 N. Loop Drive in Socorro, Texas. Socorro is a city in El Paso County, Texas located on the north bank of the Rio Grande southeast of El Paso and on the border of Mexico. El Paso adjoins it on the west and the smaller city of San Elizario on the southeast. Socorro is El Paso County’s second-largest municipality with population over 34,306. Located nearby this Wendy’s property is Texas A & M University with 72,982 students, El Paso Community College with 5,400 students, Western Technical College with 581 students, Clint Early College Academy with 347 students and Franklin College with 272 students. Also only 4 miles away from this Wendy’s is The Hospitals of Providence Horizon with 5,300 employees and 900 physicians. Numerous apartment complexes surround this Wendy’s Restaurant including Tierra Socorro Ltd. Apartments, Socorro Village Apartments, Socorro Palms Apartments (112 rented units), Notre Dame Hills Apartments, Galleon Apartments, Mission Del Valle Apartments and Zinc Apartments. Brand new home developments nearby include Tropicana Homes Eastlake Valley Community and Desert View Homes at Peyton Estates. Wendy’s is an international fast-food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,711 locations including 353 that are company owned, 6,356 restaurants that are franchised and 77 percent of them are located in North America. The Wendy’s Company is the World’s Third Largest Quick Service Hamburger Company and employs over 14,000 individuals.
Wendy’s 2023 Brand New Construction 20 Year Lease
Investment Highlights
- Brand New 2023 Construction Wendy's Restaurant with Drive Thru
- 20 Year Absolute NNN Lease | 7.5% Rent Increases Every 5 Years
- Located at 10630 N. Loop Drive in Socorro Texas Population Over 34,306 and Second Largest Municipality in El Paso County
- Only 4 Miles Away from this Wendy's is The Hospitals of Providence Horizon with 5,300 Employees and 900 Physicians
- Wendy's Is Considered an Essential Tenant (Over 6,800 Locations and Third Largest Hamburger Fast-Food Chain Following Burger King and McDonald's
Listing Price: $2,450,980
Investment Highlights
- Brand New 2023 Construction Wendy's Restaurant with Drive Thru
- 20 Year Absolute NNN Lease | 7.5% Rent Increases Every 5 Years
- Located at 10630 N. Loop Drive in Socorro Texas Population Over 34,306 and Second Largest Municipality in El Paso County
- Only 4 Miles Away from this Wendy's is The Hospitals of Providence Horizon with 5,300 Employees and 900 Physicians
- Wendy's Is Considered an Essential Tenant (Over 6,800 Locations and Third Largest Hamburger Fast-Food Chain Following Burger King and McDonald's
Investment Overview
Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 10630 N. Loop Drive in Socorro, Texas. Socorro is a city in El Paso County, Texas located on the north bank of the Rio Grande southeast of El Paso and on the border of Mexico. El Paso adjoins it on the west and the smaller city of San Elizario on the southeast. Socorro is El Paso County’s second-largest municipality with population over 34,306. Located nearby this Wendy’s property is Texas A & M University with 72,982 students, El Paso Community College with 5,400 students, Western Technical College with 581 students, Clint Early College Academy with 347 students and Franklin College with 272 students. Also only 4 miles away from this Wendy’s is The Hospitals of Providence Horizon with 5,300 employees and 900 physicians. Numerous apartment complexes surround this Wendy’s Restaurant including Tierra Socorro Ltd. Apartments, Socorro Village Apartments, Socorro Palms Apartments (112 rented units), Notre Dame Hills Apartments, Galleon Apartments, Mission Del Valle Apartments and Zinc Apartments. Brand new home developments nearby include Tropicana Homes Eastlake Valley Community and Desert View Homes at Peyton Estates. Wendy’s is an international fast-food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,711 locations including 353 that are company owned, 6,356 restaurants that are franchised and 77 percent of them are located in North America. The Wendy’s Company is the World’s Third Largest Quick Service Hamburger Company and employs over 14,000 individuals.
