Wendy's (Long-Term Ground Lease) 13001 TX-29 2,155 SF Retail Building Liberty Hill, TX 78642 $1,758,000 ($815.78/SF) 4.75% Cap Rate

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.