1417 Hewitt Drive, Woodway, TX 76712

This offering presents the opportunity to acquire a fee simple interest in an established single tenant, net leased Wendy’s located in Woodway (Waco), Texas, positioned within one of the area’s most active and established retail corridors. The property is a proven, high performing location with a long operating history and strong in store sales, benefiting from consistent consumer demand and a well established presence within the market.

Strategically located along Hewitt Drive, the site enjoys excellent visibility and access, with traffic counts exceeding 30,000 vehicles per day and direct connectivity to Interstate 35 and the Highway 6 interchange. The surrounding trade area is anchored by major national retailers including H E B Plus, Walmart Supercenter, CVS Pharmacy, and Walgreens, along with a dense concentration of quick service and fast casual dining concepts. This strong retail synergy, combined with nearby residential growth and employment centers, continues to support long term performance at the site.

The asset is offered at a 6.50% cap rate based on the upcoming rent increase to $154,880 in August 2028. Seller may consider providing a credit at close of escrow to account for the interim rent differential, subject to buyer terms and overall deal structure. The lease provides approximately 12 years of remaining term on the original term, along with four additional five year renewal options and 10% rent increases throughout, offering investors a predictable and growing income stream. The absolute triple net lease structure ensures minimal landlord responsibilities, making this an ideal investment for passive ownership or 1031 exchange buyers.

The combination of a high visibility location, established operating performance, contractual rent growth, and long term tenancy within a proven retail corridor positions this asset as a compelling, low maintenance net lease investment opportunity.