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Wendys

5555 Sherwood Way, San Angelo, TX, 76904
For Sale

Property Highlights

    • Outperforms 90% of all Wendy’s in Texas
    • Pad to high performing Walmart with 2.5 million annual visits
    • Pad to top performing Lowe’s - 84% percentile nationally
    • Tenant renovated the property and requested a 10-year lease extension
    • Tenant supplies a unit level P&L - 2.5m annual sales - 5.4% R/S
    • 24-year below market billboard ground lease

Property Details

  • Price: $2,846,000
  • Property Type: Retail
  • Transaction Type: For Sale
  • Cap Rate: 5.0%
  • Building Size: 3,450 SF
  • Lot Size: 1.34 AC
  • Year Built: 1999
  • Year Built: 1999
  • NNN Rent: 136,056.80 (Wendy’s only)
  • Rent Per SF: $39.44
  • Lease Expiration Date : June 30, 2034

Property Description

HMX Realty Advisors exclusively presents for sale a top performing, recently renovated Wendy’s with a new 10-year lease. This Wendy’s performance is ranked in the 92 percentile of all Wendy’s in Texas making it a top performer. The property is a pad site to a Walmart Supercenter which is the top performing Walmart in San Angelo with 2.5 million annual visits. Lowe’s is adjacent to the Walmart Supercenter and ranks in the top 84% of all Lowe’s nationally.

The Wendy’s is open until 1:30 AM demonstrating its strategic location. HEB is across the street with Chick-Fil-A and Chipotle. Kohl’s and Sam’s Club are directly to the south and the 560,000 sf Sunset Mall is to the north with Marshalls, Ross, HomeGoods and JCPenney. This is a very dense retail corridor which supports two HEB grocery stores

LOCATION OVERVIEW: San Angelo has a steadily growing population, and the average household income is over $94,000 within a one-mile radius.

TENANT OVERVIEW: Wendy’s is leased to Wendab Associates, part of WendPartners Franchise Group, Wendy’s largest franchisee with 329 locations.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

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