Wendy's Ground Lease 13001 TX-29

Investment Highlights

Brand New 20 Year Absolute NNN Lease to Largest Wendy?s Franchisee 2024 Construction Featuring Drive-Thru Component Growing Austin MSA Community - 4,000+ Housing Units Recently Built & In Development Pipeline Scheduled 10% Rental Escalations in Primary Term and at Options Adjacent to Liberty Hill Elementary School & Louise Noble Elementary School 6.01% Annual Rate within 5 Mile Radius

Executive Summary

The subject property is prominently located with excellent access and visibility along West TX-29 (23,618 AADT) within a rapidly growing community. The site benefits from robust demographics with a population of 46,432 within a 5 mile radius and annual growth rate of 6.01%. Average household income within 5 miles of the site is $137,941. The site is located approximately 14 miles from Georgetown, 26 miles from Round Rock, and 33 miles from Austin.The site benefits from a prominent retail location adjacent to Liberty Hill Middle School and Louine Noble Elementary School adjacent to a recently developed Starbucks and planned Popeye?s. Major retail tenants in the surrounding area include Tractor Supply Company, Dollar General, Dutch Bros Coffee, Schlotzsky?s, and more.Nearby development activity includes Kaufman Loop Apartments, featuring 144 residential units and a new H-E-B; Butler Farms, a 366-acre master-planned community slated to include 2,000+ new single-family homes; Core Spaces, which will include 144 multifamily townhomes and 374 single family rental homes; Hidden Lane Glen, a 136-unit multifamily development; Fort Tumbleweed, a 476-unit condo and apartment development; Avila Vista, featuring 150 new residential units; Rio Oaks, featuring 260 new apartments; Pohl Tract, slated to include 766 new residential units; and Liberty Center, expected to include 240 apartments as well as retail space.This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

• Sale Type    Investment NNN
• Sale Conditions    Ground Lease (Leased Fee) Ground Lease (Leased Fee) Build to Suit Ground Lease (Leased Fee)
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    2,155
• Building Class    B
• Year Built    2024
• Construction Status    Under Construction
• Price    1,758,000
• Price Per SF    816
• Cap Rate    4.75
• NOI    83,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    0.95 AC

• Drive Thru