Listed by Fisher James Capital
$2,500,000
Wendy's
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,525
Cap Rate 5%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/31/2046
Remaining Term 19.8
Rent Bumps Yes
Lease Options four (4) five-year options
Price per SqFt $990
Broker Co-Op Yes
Year Built 2007
Year Renovated 2017
Buildings 1
Stories 1
Acreage 0.516
Parking Spaces 26 spaces
Parking Per SqFt 10.30
Investment Type Net Lease
Lease Commencement 04/01/2026
Ground Lease No
New 20 Year Absolute NNN Lease Wendy’s in TX
Marketing description
Brand new 20-year absolute NNN lease to Wendy’s, located at a prime signalized hard corner near NASA’s Johnson Space Center, and just 26 miles from Downtown Houston. The property is operated by Haza Foods, the largest Wendy’s franchisee with more than 400 locations nationwide. This location benefits from a highly trafficked corridor adjacent to major tourism, medical, and aerospace drivers.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Investment highlights
- New 20-Year Absolute NNN Lease: Zero landlord responsibilities with 10% rent increases every 5 years
- Proven Operator: Leased to Haza Foods, the largest Wendy’s franchisee with 400+ units
- Premier Corner Location: Signalized intersection on E NASA Parkway (40,680 ADT) with three access points
- NASA & Tourism Adjacency: Across from NASA Johnson Space Center and Space Center Houston (1M+ visitors/year)
- Robust Local Demographics: 198,000+ daytime population within 5 miles; $129K average household income.
- Surrounded by National Tenants: CVS, Chick-fil-A, Five Guys, Starbucks, and Circle K
- Future Growth Catalyst: Texas A&M’s 2026 Space Institute to open within NASA’s 240-acre Exploration Park
Listing Contacts
Listed by Fisher James Capital
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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