Wendy's
Retail | 5.00% CAP | 2,675 SqFt
Marketing description
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase an absolute NNN single tenant ground lease investment that is fully occupied by Wendy’s with over 9.5 lease years remaining. Located just off Loop 1604 in San Antonio, TX the subject property is positioned in one of the premier retail destinations as it sits near major anchor tenants including Target, Lowe’s, Ross Dress for Less, Best Buy and more along with some of the strongest QSR operators in the nation such as In-N-Out, Chick-fil-A, Raising C ane’s, Starbucks, and McDonald’s.
Located on Culebra Rd, the subject property benefits from over 41,661 VPD and has easy access to and from Culebra Road. Additionally, the subject property is located on a ~1.52-acre lot and shares cross access with In-N-Out and Raising Cane’s. The large parcel has room for expansion for an additional tenant/drive-thru kiosk. This is a unique opportunity to own a piece of irreplaceable real estate in a high growth market, next to some of the best retailers in the world with over 9.5 lease years remaining on an absolute NNN lease providing zero landlord management responsibilities.
Investment highlights
Long Term Absolute NNN Lease by Wendy’s (NASDAQ: WEN) - Sublease of Del Taco (NASDAQ: TACO)
High Profile Outparcel PAD to Alamo Ranch Power Center - Target/Lowe’s Anchored - Off Hwy 1604
3rd Largest Fast Food Hamburger Restaurant Chain in the U.S. - 6711+ Locations - Market Cap $4.02B
Large 1.52 Acre Site with Drivethru - Upside Potential of 2nd PAD - New Modern Prototype Remodel
San Antonio One of Fastest Growing Cities in U.S. - Tax Free State - 7th Most Populous in the Nation
Dense Retail/Residential Area (278,245 Population) - Main Retail Center/Huge Traffic (111,400 CPD)
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