2215 S Loop 256
Palestine, TX 75801
Wendy's · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for 2215 TX-256 Loop, in Palestine, TX. The tenant will enter into a brand new, 20-year triple-net (NNN) lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be $114,147 and will have 7.50% rental escalations every 5-years through the base term as well as during the four, five-year renewal option periods. The lease will have a franchisee guarantee. The franchisee operates 11 Wendy’s locations throughout Texas and Oklahoma. The property is 2,990 rentable square feet and is situated on 0.69 Acres. The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and 29 other countries and U.S. territories worldwide. The Wendy's chain offers made-to-order burgers and fries as well as such alternative menu items as baked potatoes, chili, and salads. The chain is known for its square hamburgers, sea salt fries and the Frosty, a form of soft serve ice cream mixed with frozen starches. Wendy's and its affiliates employ more than 47,000 people in its global operations. In fiscal year 2015, the firm had $1.9 billion (USD) in company revenue.