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4014 Spencer Hwy
Pasadena, TX 77504 Southeast Houston

$1,667,000 USD

Fast Food For Sale  •  2,578 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,722 SF
  • Lot Size 0.72 AC
  • Building Class B
  • Year Built 1980
  • Cap Rate 5.25 %
  • Tenancy Single
0 Transit Score
73 Walk Score

Highlights

An absolute NNN lease single-tenant Wendy’s in the Houston MSA
Brand-new 20-year lease extension with strong franchisee guaranty
10% rental increases every 5 years during the primary term and option periods
35+ year operating history at this site
Strong intrinsics – below market rent ($31/SF) and drive-thru
Operator is the largest Wendy’s franchisee in the U.S.

Property Flyers

Cap Rate: 5.25 %

Public Transportation

AirportDriveWalkDistance
William P Hobby 19 min - 8.3 mi
George Bush Intcntl/Houston 40 min - 31.9 mi
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE