Restaurant
Wendy's
10219 McPherson Rd, Laredo, TX 78045
Listing Price: $1,322,000
Cap Rate
5.50%
Tenant Name
Wendy's
Years Remaining On Lease
14.6
Gross SF
3,389
Guarantor
Franchisee Guarantee
Rentable SF
3,389
Price/Gross SF
$390.09
Lease Type
Absolute Net
Rent Per Square Feet
$21.45
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Wendy's in Laredo, TX.
Wendy's
Investment Highlights
- 14+ years remaining on an absolute NNN lease with a long-time multi-brand franchisee. The tenant recently executed a 15-year lease that features 10% increases every five years and 4x5 year options
- The tenant, RKR Restaurants, is a Wendy's franchisee owned by Oberoi Restaurants. Oberoi Restaurants currently operates over 50 Wendy's locations throughout Texas and Florida.
- The subject property is offered well below the replacement cost of a modern QSR building. The subject property is offered well below the replacement cost of a modern QSR building.
- Wendy's is the 5th largest quick-service restaurant in the world, they operate 415 corporate restaurants while 6,825 are operated by franchisees. Currently, 212 US franchises operate 5,627 locations and 106 international franchises operate 1,198 locations. Systemwide revenue for FY 2023 was approximately $2.2 billion.
- Positioned less than half a mile from a top-ranking community shopping center anchored by HEB Grocery. The center, Independence Plaza, ranks in the 98th percentile of all community shopping centers in the United States and receives the most foot traffic (3.4M TTM visits) within a 50-mile radius of the subject property. In addition to HEB, the 347k SF center boasts a national tenant mix including McDonald's, Chick-Fil-A, TJ Maxx, Ross Dress for Less, Hobby Lobby, Starbucks, Petco, ULTA, and many
Exclusively Listed By
Broker of Record
Listing Price: $1,322,000
Cap Rate
5.50%
Tenant Name
Wendy's
Years Remaining On Lease
14.6
Gross SF
3,389
Guarantor
Franchisee Guarantee
Rentable SF
3,389
Price/Gross SF
$390.09
Lease Type
Absolute Net
Rent Per Square Feet
$21.45
Investment Highlights
- 14+ years remaining on an absolute NNN lease with a long-time multi-brand franchisee. The tenant recently executed a 15-year lease that features 10% increases every five years and 4x5 year options
- The tenant, RKR Restaurants, is a Wendy's franchisee owned by Oberoi Restaurants. Oberoi Restaurants currently operates over 50 Wendy's locations throughout Texas and Florida.
- The subject property is offered well below the replacement cost of a modern QSR building. The subject property is offered well below the replacement cost of a modern QSR building.
- Wendy's is the 5th largest quick-service restaurant in the world, they operate 415 corporate restaurants while 6,825 are operated by franchisees. Currently, 212 US franchises operate 5,627 locations and 106 international franchises operate 1,198 locations. Systemwide revenue for FY 2023 was approximately $2.2 billion.
- Positioned less than half a mile from a top-ranking community shopping center anchored by HEB Grocery. The center, Independence Plaza, ranks in the 98th percentile of all community shopping centers in the United States and receives the most foot traffic (3.4M TTM visits) within a 50-mile radius of the subject property. In addition to HEB, the 347k SF center boasts a national tenant mix including McDonald's, Chick-Fil-A, TJ Maxx, Ross Dress for Less, Hobby Lobby, Starbucks, Petco, ULTA, and many
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Wendy's in Laredo, TX.
Exclusively Listed By
Broker of Record
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