Wendy’s

Retail

403 NE Georgia AVE Sweetwater, Texas
Price:
$ 1,894,500
Property Size:
3,233 sqft
Cap Rate:
5.75
NOI:
$ 107,590
Year Built:
2005
Status:
Sale

The Franchisee, Stonewall Road Restaurant Group LLC (SRRG), operates 11 Wendy’s restaurants in Texas and Oklahoma. Centered around the Dallas-Fort Worth MSA, SRRG had LTM ProForma Sales of ~$13,325,000 and LTM Pro Forma SLEBITDA of ~$1,540,000.

Wendy’s is the third largest hamburger fast food chain with over 6,700 locations worldwide. Global system wide sales in 2020 is expected to reach $11.5B.

Wendy’s Restaurant signed a new 20 year lease in 2015, demonstrating commitment by a premier quick service restaurant operator to this location,which
is situated alongside I-20. The nearest major intersection of the I-20 and Lamar Street experiences over 17,000 vehicles per day.

The property operates under an absolute triple net lease structure, with Wendy’s responsible for all operating expenses, taxes, and insurance. This lease features
zero landlord responsibilities, reflective of the most passive net lease investment type.

The subject property is located in Sweetwater, TX, and is easily accessible to the 84 highway and the I-20 in Nolan County, TX. The community is the largest
population center in its county, and offers award-winning schools as well as a variety of business opportunities, all in a family-centered atmosphere.

 

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Matt Berres
Executive Managing Director
949.608.2066

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