3685 College St - Fast Food FOR SALE
Beaumont, TX 77701 |
3685 College St
Beaumont, TX 77701
HIGHLIGHTS
- Wendy’s had successfully operated at their previous location since 1979, with impressive sales in the top 37% for all Wendy’s stores
- New 20-year Absolute NNN Ground Lease is expected to commence in August and will feature 10% rental increases every five years with (4) 5-yr options
- HAZA Foods is the largest Wendy’s franchisee in the system, with more than 400 and continuing to expand
- Infill location, positioned in the SEQ of Interstate 10 and College Street, seeing nearly 160,000 vehicles per day
- Property sits between Chick-fil-A, Raising Cane’s, and Whataburger, Three of the nation’s highest volume QSR’s
- Located 5 miles west of ExxonMobil’s Beaumont petrochemical complex, which houses the nation’s second largest refinery
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Wendy's Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
3000
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
013415-000-002800-00000
