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 ResponsibilitiesIdeal 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
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643

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