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- LoopNet Team
709 S Main St
Andrews, TX 79714
Wendy's · Land For Sale · 0.77 AC
Investment Highlights
- Brand New 20-Year Sale Leaseback
- Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
PROPERTY FACTS
Description
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 709 Main Street in Andrews, TX. The property consists of 3,175 square feet of building space and is situated on approximately 0.77 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 345+ unit operator and the largest franchisee in the Wendy’s system.
PROPERTY TAXES
| Parcel Number | 000000007873 | Improvements Assessment | $753,619 |
| Land Assessment | $28,080 | Total Assessment | $781,699 |
PROPERTY TAXES
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