Investment Overview

Marcus & Millichap is pleased to present a freestanding Wendy's drive-thru located at 6827 Military Drive West in San Antonio, Texas. The ±3,456-square-foot restaurant sits on ±0.63 acres and is secured by a NNN lease with zero landlord responsibilities and two (2) five-year renewal options. Annual base rent of $77,000 delivers a 6.25% cap rate, with scheduled 10% rent increases every five years throughout the renewal periods providing long-term income growth. The property is positioned along Military Drive West (±15,634 VPD) with convenient access to Interstate 410 (±96,425 VPD), US Highway 90, Highway 151, and Loop 1604. The 5-mile trade area supports a population of 271,035 residents and an average household income of $90,727, with major drivers including Joint Base San Antonio-Lackland, Westover Hills Baptist Hospital (100+ beds), John Jay High School (2,118 students), and John Paul Stevens High School (2,700 students). The property sits within the San Antonio MSA, home to more than 2.78 million residents, pairing Wendy's established brand strength (7,000+ locations, NASDAQ: WEN) with passive, net-lease income in a high-growth Texas market.