Wendy’s – New Construction (Lubbock MSA)
301 College Avenue, Levelland, TX 79336
Property Description
Price: $2,857,142
Land Area: ±0.58 AC (±25,625 SF)
Cap Rate: 5.25%
Gross Leasable Area: ±2,385 Square Feet
Year Built: 2024
Investment Highlights
Wendy’s New Global Next Gen Prototype Scheduled to Open January 2025
Brand New, 20-Year Wendy’s Sale-Leaseback
Texas is a Tax-Free State
Prime Retail Location
- Highly-Trafficked Location at the Intersection of College Ave and Walnut St (Traffic Counts Exceed 15,000 Cars Per Day)
- Located up the Street from South Plains College with Over 10,000 Students
- Close Proximity to a Shopping Center Anchored by United Supermarkets
- Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Walmart, Starbucks, Pizza Hut, AT&T, HTeaO, O’Reilly Auto Parts, Stripes, Subway, Taco Bell, Tractor Supply, ACE Hardware, and Many More
Experienced Wendy’s Franchisee
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
- Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record:
- Tim Speck
- 5001 Spring Valley Road, Suite 100W
- Dallas, TX 75244
- License: #9002994
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643