Property Description
HMX Realty Advisors exclusively presents for sale a recently renovated Wendy’s located on a high-profile location which includes a prominent billboard. Wendy’s was closed for six months when the tenant paid for a full building renovation. The building was renovated approximately 5 years ago. The tenant recently approached the landlord about extending their lease for an additional 10 years. Their reported sales are 2.5 million. Wendy’s absolute triple net rent escalates 8% every 5-years.
The property is a pad site to a Walmart Supercenter. A Lowe’s Home Improvement is located next to Walmart and a H-E-B grocery is directly across the street with a Chick-Fil-A, Chipotle Mexican Grill and Pande Express. Kohl’s is directly to the west. The Wendy’s is open until 1:30 AM. Up the street from Wendy’s is Target, Ashley Furniture, Ross Dress for Less, HomeGoods, Burlington Coat Factory and Petco as well as the Sunset Mall. The 560,000 sf Sunset Mall is anchored by JCPenney, Marshalls, Dillard’s and Conn’s HomePlus Appliance Store.
The Wendy’s is leased to WENDAB ASSOCIATES which operates over 300 Wendy’s and is Wendy’s largest franchisee. The billboard is leased to Southwest Outdoor Advertising which is a leading outdoor advertising company operating in Texas and Pennsylvania. The billboard is a double-sided electronic billboard which has outstanding visibility and is in a highly desirable location. The Wendy’s has a very large, tall and prominent pylon sign as well.
