Monday, December 22, 2014

NEW LISTING: Two Wendy's in Odessa, TX and Las Cruces, NM | Available Individually


Wendy's Highlights

Strong national brand - The Wendy's Company (2013 Revenue: $2.487 Billion)
Absolute triple net (NNN) leases / fee simple ownership
Drive - thru buildings
Strong demographics in the trade areas


Odessa: $2,358,000 / 5.50% Cap Rate
  • Rare rental increases w/ over 12-years remaining in primary term
  • Located near signalized, hard corner intersection of E. University Boulevard and John Ben Shepperd Parkway (39,400 vehicles per day)
  • Adjacent to University of Texas of the Permian Basin

Las Cruces: $1,742,000 / 5.75% Cap Rate
  • Extremely rare annual rent increases w/ over 18-years remaining in primary term
  • Located near signalized, hard corner intersection of El Paseo Road and E. Idaho Avenue (combined count of 32,300 vehicles per day)
  • Within close proximity to New Mexico State University- major employer



Additional Tags:
NNN, Wendy's, Single Tenant Properties, Fast Food, Net Leased, hamburger, off market real estate investment properties, McDonald's, STNL real estate investment

No comments:

Post a Comment