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Wendy's
San Antonio, TX 78253
Proven Long Term NNN Lease- Trophy Site · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Absolute NNN Lease by Wendy’s (NASDAQ: WEN) - Sublease of Del Taco (NASDAQ: TACO)
- 3rd Largest Fast Food Hamburger Restaurant Chain in the U.S. - 6711+Locations - Market Cap $4.02B
- San Antonio One of Fastest Growing Cities in U.S. - Tax Free State - 7th Most Populous in the Nation
- High Profile Outparcel PAD to Alamo Ranch Power Center - Target/Lowe’s Anchored - Off Hwy 1604
- Large 1.52 Acre Site with Drivethru - Upside Potential of 2nd PAD - New Modern Prototype Remodel
- Dense Retail/Residential Area (278,245 Population) - Main Retail Center/Huge Traffic (111,400 CPD)
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase an absolute NNN single tenant ground lease investment that is fully occupied by Wendy’s with over 9.5 lease years remaining. Located just off Loop 1604 in San Antonio, TX the subject property is positioned in one of the premier retail destinations as it sits near major anchor tenants including Target, Lowe’s, Ross Dress for Less, Best Buy and more along with some of the strongest QSR operators in the nation such as In-N-Out, Chick-fil-A, Raising C ane’s, Starbucks, and McDonald’s.
Located on Culebra Rd, the subject property benefits from over 41,661 VPD and has easy access to and from Culebra Road. Additionally, the subject property is located on a ~1.52-acre lot and shares cross access with In-N-Out and Raising Cane’s. The large parcel has room for expansion for an additional tenant/drive-thru kiosk. This is a unique opportunity to own a piece of irreplaceable real estate in a high growth market, next to some of the best retailers in the world with over 9.5 lease years remaining on an absolute NNN lease providing zero landlord management responsibilities.
Located on Culebra Rd, the subject property benefits from over 41,661 VPD and has easy access to and from Culebra Road. Additionally, the subject property is located on a ~1.52-acre lot and shares cross access with In-N-Out and Raising Cane’s. The large parcel has room for expansion for an additional tenant/drive-thru kiosk. This is a unique opportunity to own a piece of irreplaceable real estate in a high growth market, next to some of the best retailers in the world with over 9.5 lease years remaining on an absolute NNN lease providing zero landlord management responsibilities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,675 SF
Building Class
B
Year Built
2013
Price
$3,267,000
Price Per SF
$1,221.31
Cap Rate
5%
NOI
$163,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.52 AC
Zoning
C-3 - Commercial
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
166’ on Culebra Rd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 18299-002-0170 | Improvements Assessment | $637,651 |
| Land Assessment | $1,665,349 | Total Assessment | $2,303,000 |
PROPERTY TAXES
Parcel Number
18299-002-0170
Land Assessment
$1,665,349
Improvements Assessment
$637,651
Total Assessment
$2,303,000
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