Wendy’s Brand New Construction | 20 Year NNN Lease | El Paso MSA

14493 Horizon Blvd, Horizon City, TX 79928, USA
$2,400,000

Description

Marcus & Millichap is pleased to present for sale this 2,163 square foot Wendy’s Fast Food Restaurant with Drive Thru located in Horizon City, Texas (El Paso MSA). This Wendy’s is situated on a large 1.35 Acre Parcel of land and is visible to more than 21,000 vehicles per day.
The brand new 20 Year lease has 7.5 percent increases in rent every five years including the four, five-year option periods. The lease is backed by a 75 unit operating company with stores in Florida, Texas and Tennessee.
There are numerous National and Regional retailers in the immediate area including Walmart, Walgreens, Verizon, Dollar Tree, Popeyes, Autozone, Valero, Pizza Hut and Burger King among others.
Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio, United States. As of January 2019, there were a total of 6,711 locations,
including 353 that are company-owned. 6,358 restaurants are franchised, and 77 percent of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast
food chain, following Burger King’s 12,000 plus locations and McDonald’s with over 31,000 plus locations.)

  • 20 Year Absolute NNN Lease “No Landlord Responsibility” with Four 5-Year Options to Renew
  • Brand New Construction
  • Strong 75+ Unit Operating Company
  • Situated on a Large 1.35 Acre Parcel of Land with Visibility to over 21,000 Vehicles per Day
  • Household Income Exceeds $64,891 in One Mile Radius
  • Surrounded by many Elementary, Middle and High Schools
  • Located 23 Miles East from Downtown El Paso
  • Close to future 625,000 SF Amazon Fulfillment Center (launching in 2021)

Property Documents

  • City: Horizon City
  • State/county: Texas
  • Zip/Postal Code: 79928
  • Country: United States

Detail

  • Price: $2,400,000
  • Year Built: 2020

Additional details

  • CAP RATE: 5.00%
  • NOI: $120,000

Features