Restaurant
Wendy's (Annual Rent Increases)
709 S Main St, Andrews, TX 79714
Listing Price: $2,395,000
Investment Overview
Offered for sale is a newer construction Wendy’s restaurant in Andrews, Texas, operated by Meritage Hospitality Group, the largest Wendy’s franchisee in the United States with more than 380 locations nationwide. The property is secured by a long-term absolute net lease with over 17 years remaining on the primary term, with the tenant responsible for all operating expenses, including roof and structure. The lease features annual rent increases of the lesser of 1.25% or CPI, providing contractual income growth throughout the remaining term and option periods. Constructed in 2022, the freestanding restaurant reflects current Wendy’s prototype design and includes a full-service drive-thru configuration.
Wendy's (Annual Rent Increases)
Investment Highlights
- Absolute Net Lease with 17.2 Years Remaining | Long-Term Lease With Built-In Annual Rent Increases
- Modern Wendy's Prototype Built in 2022
- Meritage Hospitality Group | Largest Wendy's Franchisee in the U.S.
- Excellent Access and Visibility on South Main Street (14,226 VPD)
- Growing Trade Area With 24.9% Historical Population Growth and $99,227 AHI (5-Miles)
- Permian Basin Energy Hub Within the Midland–Odessa–Andrews CSA (377,700+ Population)
- Wendy's (NASDAQ: WEN) | 7,000+ Locations Worldwide
Exclusively Listed By
Listing Price: $2,395,000
Investment Highlights
- Absolute Net Lease with 17.2 Years Remaining | Long-Term Lease With Built-In Annual Rent Increases
- Modern Wendy's Prototype Built in 2022
- Meritage Hospitality Group | Largest Wendy's Franchisee in the U.S.
- Excellent Access and Visibility on South Main Street (14,226 VPD)
- Growing Trade Area With 24.9% Historical Population Growth and $99,227 AHI (5-Miles)
- Permian Basin Energy Hub Within the Midland–Odessa–Andrews CSA (377,700+ Population)
- Wendy's (NASDAQ: WEN) | 7,000+ Locations Worldwide
Investment Overview
Offered for sale is a newer construction Wendy’s restaurant in Andrews, Texas, operated by Meritage Hospitality Group, the largest Wendy’s franchisee in the United States with more than 380 locations nationwide. The property is secured by a long-term absolute net lease with over 17 years remaining on the primary term, with the tenant responsible for all operating expenses, including roof and structure. The lease features annual rent increases of the lesser of 1.25% or CPI, providing contractual income growth throughout the remaining term and option periods. Constructed in 2022, the freestanding restaurant reflects current Wendy’s prototype design and includes a full-service drive-thru configuration.
Exclusively Listed By
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