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Restaurant

2023 Construction Wendy’s | 20-Year Absolute NNN Sale-Leaseback

929 Sunland Park Dr, El Paso, TX 79922

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.0
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.00

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger
Restaurant located at 929 Sunland Park Drive in El Paso, Texas. El Paso is a
city and County Seat of El Paso County in the far southwestern part of Texas
with a population over 678,815 and part of the El Paso and Hudspeth MSAs
with a population exceeding 843,725. El Paso is the 23rd largest city in the
United States and the 6th largest city in Texas and home to numerous publicly
traded companies including Marathon Petroleum and Medical Center of the
Americas. It is also home to The University of Texas at El Paso. El Paso also
has a strong federal and military presence with William Beaumont Medical
Center, Biggs Army Airfield and Fort Bliss located here.
This Wendy’s property is surrounded by many brand-new luxury home
communities springing up nearby. Only eight minutes away is Sunset Valley
Estates, and other developments nearby include Desert Sands Community,
Hillside Park, Tierra del Este 82, Emerald Heights, Desert Springs and
Enchanted Hills.
Colleges and universities in the vicinity of this property include The University
of Texas at El Paso with a student enrollment of over 24,879. Also nearby
is El Paso Community College with over 26,034 students and Texas Tech
University Health Sciences Center with over 5,274 students.
Numerous shopping centers are in the vicinity of this Wendy’s including
Sunland Park Mall with 100 national and local retailers including Aeropostale,
Dillard’s, Bath & Body Works, Finish Line, Old Navy, Verizon, Hollister, Hot Topic
and many, many more. Other shopping areas include Freedom Crossing and
The Fountains of Farah.
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 over 6,711 locations, including 353 that are companyowned.
6,356 restaurants are franchised and 77 percent of them are
located in North America. (In 2016, Wendy’s was the world’s third largest
hamburger fast-food chain, following Burger King’s 12,000 plus locations
and McDonald’s with 31,000 plus locations.).

Investment Highlights

  • Brand New 2023 Construction Wendy's Restaurant with Drive Thru
  • 20 Year Absolute NNN Lease | 7.5% Rent Increases Every 5 Years
  • El Paso is Home to Numerous Publicly Traded Companies such as Marathon Petroleum and Medical Center of the Americas
  • Nearby Sunland Park Mall With 100 National and Local Retailers Including Dillard's, Aeropostale, Journey, Lids, Old Navy, Hollister, Verizon and Hot Topic Amongst Many Others

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

2023 Construction Wendy’s | 20-Year Absolute NNN Sale-Leaseback

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.0
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.00

Investment Highlights

  • Brand New 2023 Construction Wendy's Restaurant with Drive Thru
  • 20 Year Absolute NNN Lease | 7.5% Rent Increases Every 5 Years
  • El Paso is Home to Numerous Publicly Traded Companies such as Marathon Petroleum and Medical Center of the Americas
  • Nearby Sunland Park Mall With 100 National and Local Retailers Including Dillard's, Aeropostale, Journey, Lids, Old Navy, Hollister, Verizon and Hot Topic Amongst Many Others

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 929 Sunland Park Drive in El Paso, Texas. El Paso is a city and County Seat of El Paso County in the far southwestern part of Texas with a population over 678,815 and part of the El Paso and Hudspeth MSAs with a population exceeding 843,725. El Paso is the 23rd largest city in the United States and the 6th largest city in Texas and home to numerous publicly traded companies including Marathon Petroleum and Medical Center of the Americas. It is also home to The University of Texas at El Paso. El Paso also has a strong federal and military presence with William Beaumont Medical Center, Biggs Army Airfield and Fort Bliss located here. This Wendy’s property is surrounded by many brand-new luxury home communities springing up nearby. Only eight minutes away is Sunset Valley Estates, and other developments nearby include Desert Sands Community, Hillside Park, Tierra del Este 82, Emerald Heights, Desert Springs and Enchanted Hills. Colleges and universities in the vicinity of this property include The University of Texas at El Paso with a student enrollment of over 24,879. Also nearby is El Paso Community College with over 26,034 students and Texas Tech University Health Sciences Center with over 5,274 students. Numerous shopping centers are in the vicinity of this Wendy’s including Sunland Park Mall with 100 national and local retailers including Aeropostale, Dillard’s, Bath & Body Works, Finish Line, Old Navy, Verizon, Hollister, Hot Topic and many, many more. Other shopping areas include Freedom Crossing and The Fountains of Farah. 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 over 6,711 locations, including 353 that are companyowned. 6,356 restaurants are franchised and 77 percent of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast-food chain, following Burger King’s 12,000 plus locations and McDonald’s with 31,000 plus locations.).

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
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