www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33251236
33251237

13001 TX-29, Liberty Hill, TX 78642

RW
TX TX 622900
Marcus & Millichap - Dallas
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$1,758,000
2 days on market
Updated 2 days ago

Wendy's (Fast-Growing Austin, TX Suburb)

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,155
Cap Rate 4.75%
NOI $83,500
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 06/30/2044
Remaining Term 18.1
Rent Bumps Yes
Lease Options Four, 5-Year
Year Built 2024
Acreage 0.950
Investment Type Net Lease
Lease Commencement 06/03/2024
Ground Lease Yes
Ownership Fee Simple

Retail | 4.75% CAP | 2,155 SqFt

Marketing description

Offered for sale is a long-term ground lease investment secured by Wendy's within an ongoing retail development in one of Austin's fastest-growing suburban trade areas. The 2,155-square-foot freestanding building was constructed in 2024 on 0.95 acres and features the brand's modern prototype design.

The lease commenced June 3, 2024 and runs through June 30, 2044, with 10% rental escalations every five years and four 5-year renewal options. The lease is guaranteed by HAZA Foods, LLC, one of the largest Wendy's franchisee operators in the United States with over 400 locations across Texas, Louisiana, Minnesota, New York, and Ohio. Alongside its sister company HAZA Bell, the broader HAZA Group manages a combined portfolio of more than 550 restaurant locations, with corporate headquarters in Sugar Land, Texas.

The subject property sits within the Heritage Ridge commercial strip on State Highway 29, directly adjacent to a Starbucks that has operated since August 2021 and serves as the corridor's original anchor tenant. Active site development permits or executed leases are in place for Panda Express, Popeyes Louisiana Kitchen, Bojangles, Whataburger, 7 Brew Coffee, and Texas Regional Bank within the immediate development tract. The site fronts the primary access thoroughfare serving Liberty Hill Middle School, providing a consistent daily traffic driver.

Investment highlights

  • Ground Lease | 18.1 Years Remaining | Ten Percent Rent Increases Every Five Years
  • Lease Guaranteed by HAZA Foods, LLC | One of the Nation's Top Wendy's Franchisees | 400+ Locations
  • Affluent Trade Area | $154,764 AHI | 23 Percent Projected Population Growth Through 2030 (Five-Mile Radius)
  • Highway 29 Frontage (29,939 VPD) | New Costco, Target & Walmart-Anchored Ace Square Driving Corridor Growth
  • Adjacent to Starbucks with Multiple Incoming National QSRs & Retail
  • 2024 Construction - Modern Prototype
  • Austin, TX MSA - Top 10 U.S. Market for Retail Sales Growth in 2026
  • Wendy's (NASDAQ: WEN) | 7,000+ Locations Worldwide

Listing Contacts

RW
TX TX 622900
Marcus & Millichap - Dallas
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,500.00
$6,958.33/mo

Valuation Metrics

0
DSCR
4.75%
Cap Rate
4.75%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Tim Speck
License
9002994
Title
Broker of Record
Name
Ryan Wolf
License
TX 622900
Brokerage
Marcus & Millichap
Brokerage Phone
9727555207
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591