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Wendy's 1702 Nasa Pky 2,525 SF Retail Building Houston, TX 77058 $2,632,000 ($1,042.38/SF) 4.75% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute NNN Lease to Largest Wendy’s Franchisee
- Proven Operator - Haza Foods is the Largest Wendy’s Franchisee with 400+ Units
- 26 Miles from Downtown Houston with Dense, Affluent Demos: 198,328 Total Daytime Population & Average Household Income of $129,794
- Prime Signalized, Hard Corner Location on High-Traffic E NASA Pkwy (40,680 ADT) with 3 Access Points
- Adjacent to Major Tourism & Economic Drivers including Space Center Houston and NASA Johnson Space Center
- No State Income Tax in Texas
Executive Summary
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.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,525 SF
Building Class
B
Year Built/Renovated
2007/2017
Price
$2,632,000
Price Per SF
$1,042.38
Cap Rate
4.75%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.52 AC
Parking
26 Spaces (10.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0402110010006 | Improvements Assessment | $1,143,030 |
| Land Assessment | $450,060 | Total Assessment | $1,593,090 |
Property Taxes
Parcel Number
0402110010006
Land Assessment
$450,060
Improvements Assessment
$1,143,030
Total Assessment
$1,593,090
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Wendy's | 1702 Nasa Pky
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