4014 Spencer Hwy | Pasadena, TX 77504
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4014 Spencer Hwy
Pasadena, TX 77504
Wendy's · Retail Property For Sale
Investment Highlights
- An absolute NNN lease single-tenant Wendy’s in the Houston MSA
- 10% rental increases every 5 years during the primary term and option periods
- Strong intrinsics – below market rent ($31/SF) and drive-thru
- Brand-new 20-year lease extension with strong franchisee guaranty
- 35+ year operating history at this site
- Operator is the largest Wendy’s franchisee in the U.S.
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,722 SF
Building Class
B
Year Built/Renovated
1980/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.72 AC
Frontage
55’ on Spencer Hwy
Property Taxes
| Parcel Number | 0461270000073 | Improvements Assessment | $575,331 |
| Land Assessment | $468,480 | Total Assessment | $1,043,811 |
Property Taxes
Parcel Number
0461270000073
Land Assessment
$468,480
Improvements Assessment
$575,331
Total Assessment
$1,043,811
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