4014 Spencer Hwy - Fast Food FOR SALE


Pasadena, TX 77504- Southeast Houston
$1,804,000 USD
650-678-7200
4014 Spencer Hwy, Pasadena, TX for Sale
$1,804,000 USD
Fast Food - FOR SALE
1/2
null | 4.85% Cap Rate

4014 Spencer Hwy
Pasadena, TX 77504
Southeast Houston


HIGHLIGHTS

  • An absolute NNN lease single-tenant Wendy’s in the Houston MSA
  • Brand-new 20-year lease extension with strong franchisee guaranty
  • 10% rental increases every 5 years during the primary term and option periods
  • 35+ year operating history at this site
  • Strong intrinsics – below market rent ($31/SF) and drive-thru
  • Operator is the largest Wendy’s franchisee in the U.S.

OVERVIEW

Brand-new 20-year absolute NNN lease extension featuring 10% rental increases every 5 years and 4, 5-year extension options. Tenant is the largest Wendy’s franchisee in the U.S. with over 560 Wendy’s and Taco Bell locations in their system.

FOR SALE DETAILS

PRICE

$1,804,000 USD

PRICE/SF

$700 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,233 SF

ZONING

-

APN/PARCEL ID

0461270000073

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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