1417 Hewitt Dr - Fast Food FOR SALE


Woodway, TX 76712
$2,345,000 USD
619-807-1518
1417 Hewitt Dr, Woodway, TX for Sale
$2,345,000 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

1417 Hewitt Dr
Woodway, TX 76712


HIGHLIGHTS

  • Established High Performing Location
  • Long Term Net Leased Investment
  • Prime Retail Corridor with Strong Traffic Drivers
  • Known Tenant will remain in the building

OVERVIEW

This offering presents the opportunity to acquire a fee simple interest in a single tenant, net leased Wendy’s located in Waco, Texas, within one of the area’s most active retail corridors. The property represents a proven, high performing location with a strong operating history and consistent sales performance over time. The investment is strategically positioned along Hewitt Drive, a primary retail artery carrying over 30,000 vehicles per day, with convenient access to Interstate 35 and proximity to the Highway 6 interchange. The surrounding trade area is anchored by national retailers including H E B Plus, Walmart Supercenter, CVS Pharmacy, and Walgreens, along with a strong presence of national quick service brands. This concentration of retail, coupled with dense residential growth and nearby employment centers, continues to drive steady consumer demand and long term viability for the location. The property is priced at a 6.00% cap rate and has an upcoming rent increase to $154,880 in August 2028. The lease provides approximately 12 years of remaining term on the original term, with four additional five year renewal options and 10% rent increases throughout the option periods, offering a durable and growing income stream. The true triple net structure ensures minimal landlord responsibilities, making it well suited for passive investors and 1031 exchange buyers. The combination of a high visibility location, established operating performance, contractual rent growth, and long term tenancy within a proven retail corridor positions this as an attractive, low maintenance investment opportunity.

FOR SALE DETAILS

PRICE

$2,345,000 USD

PRICE/SF

$969 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

C3

APN/PARCEL ID

36-150000-008128-7

ASK ABOUT THIS PROPERTY

Casey YoungIHA Partners, IncMore Info
619-807-1518

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Casey YoungIHA Partners, IncMore Info
619-807-1518

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