13001 TX-29 - Fast Food FOR SALE


Liberty Hill, TX 78642
$1,758,000 USD
972-755-5205
13001 TX-29, Liberty Hill, TX for Sale
$1,758,000 USD
Fast Food - FOR SALE
1/4
null | 4.75% Cap Rate

13001 TX-29
Liberty Hill, TX 78642


HIGHLIGHTS

  • Ground Lease | 18.1 Years Remaining | Ten Percent Rent Increases Every Five Years
  • Lease Guaranteed by HAZA Foods, LLC | One of the Nation's Top Wendy's Franchisees | 400+ Locations
  • Affluent Trade Area | $154,764 AHI | 23 Percent Projected Population Growth Through 2030 (Five-Mile Radius)
  • Highway 29 Frontage (29,939 VPD) | New Costco, Target & Walmart-Anchored Ace Square Driving Corridor Growth
  • Adjacent to Starbucks with Multiple Incoming National QSRs & Retail
  • 2024 Construction - Modern Prototype

OVERVIEW

Offered for sale is a long-term ground lease investment secured by Wendy's within an ongoing retail development in one of Austin's fastest-growing suburban trade areas. The 2,155-square-foot freestanding building was constructed in 2024 on 0.95 acres and features the brand's modern prototype design. The lease commenced June 3, 2024 and runs through June 30, 2044, with 10% rental escalations every five years and four 5-year renewal options. The lease is guaranteed by HAZA Foods, LLC, one of the largest Wendy's franchisee operators in the United States with over 400 locations across Texas, Louisiana, Minnesota, New York, and Ohio. Alongside its sister company HAZA Bell, the broader HAZA Group manages a combined portfolio of more than 550 restaurant locations, with corporate headquarters in Sugar Land, Texas. The subject property sits within the Heritage Ridge commercial strip on State Highway 29, directly adjacent to a Starbucks that has operated since August 2021 and serves as the corridor's original anchor tenant. Active site development permits or executed leases are in place for Panda Express, Popeyes Louisiana Kitchen, Bojangles, Whataburger, 7 Brew Coffee, and Texas Regional Bank within the immediate development tract. The site fronts the primary access thoroughfare serving Liberty Hill Middle School, providing a consistent daily traffic driver.

FOR SALE DETAILS

PRICE

$1,758,000 USD

PRICE/SF

$816 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's (Long-Term Ground Lease)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

R638696

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.