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709 S Main St - Wendy's (Annual Rent Increases) 0.77 Acres of Commercial Land Offered at $3,281,629 CAD in Andrews, TX 79714
Investment Highlights
- Absolute Net Lease with 17.2 Years Remaining | Long-Term Lease With Built-In Annual Rent Increases
- Meritage Hospitality Group | Largest Wendy’s Franchisee in the U.S.
- Growing Trade Area With 24.9% Historical Population Growth and $99,227 AHI (5-Miles)
- Modern Wendy’s Prototype Built in 2022
- Excellent Access and Visibility on South Main Street (14,226 VPD)
- Permian Basin Energy Hub Within the Midland–Odessa–Andrews CSA (377,700+ Population)
Executive Summary
Offered for sale is a newer construction Wendy’s restaurant in Andrews, Texas, operated by Meritage Hospitality Group, the largest Wendy’s franchisee in the United States with more than 380 locations nationwide. The property is secured by a long-term absolute net lease with over 17 years remaining on the primary term, with the tenant responsible for all operating expenses, including roof and structure. The lease features annual rent increases of the lesser of 1.25% or CPI, providing contractual income growth throughout the remaining term and option periods. Constructed in 2022, the freestanding restaurant reflects current Wendy’s prototype design and includes a full-service drive-thru configuration.
Property Facts
1 Lot Available
Lot
| Price | $3,281,629 CAD | Lot Size | 0.77 AC |
| Price Per AC | $4,261,855.96 CAD |
| Price | $3,281,629 CAD |
| Price Per AC | $4,261,855.96 CAD |
| Lot Size | 0.77 AC |
1 1
Property Taxes
| Parcel Number | 000000007873 | Improvements Assessment | $1,016,964 CAD |
| Land Assessment | $38,452 CAD | Total Assessment | $1,055,416 CAD |
Property Taxes
Parcel Number
000000007873
Land Assessment
$38,452 CAD
Improvements Assessment
$1,016,964 CAD
Total Assessment
$1,055,416 CAD
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709 S Main St - Wendy's (Annual Rent Increases)
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