Wendy's NNN Property For Sale — Pasadena, TX
4014 Spencer Highway, Pasadena, TX 77504
This Wendy's property offers a brand-new 20-year absolute NNN lease extension, ensuring a stable income stream. The lease includes attractive 10% rental increases every 5 years throughout the primary term and its four 5-year extension options. The location benefits from over 35 years of successful operating history. With a competitive rent of $31/SF and a drive-thru, this investment presents strong intrinsic value. The tenant is the largest Wendy's franchisee in the U.S., operating more than 560 Wendy's and Taco Bell locations. Nearby national retailers such as Kroger, Target, Walmart, Home Depot, and Hobby Lobby significantly drive traffic to the immediate trade area.
- Address: 4014 Spencer Highway, Pasadena, TX 77504
- Asking price $1.67M
- 5.25% cap rate
- NOI $87,500
- 20 years remaining
- NNN lease
- Year built: 2018
- Building size: 2,722 SF
- Lot size: 0.72 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Wendy's property is at 4014 Spencer Highway in Pasadena, Texas.
Asset type: Retail