301 College ave - Fast Food FOR SALE


Levelland, TX 79336
$2,857,142 USD
949-350-5431
301 College ave, Levelland, TX for Sale
$2,857,142 USD
Fast Food - FOR SALE
1/6
null | 5.25% Cap Rate

301 College ave
Levelland, TX 79336


HIGHLIGHTS

  • Wendy’s New Global Next Gen Prototype Scheduled to Open January 2025
  • Brand New, 20-Year Wendy’s Sale-Leaseback | Absolute NNN Property with Zero Landlord Responsibilities
  • Texas is a Tax-Free State
  • Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States

OVERVIEW

--Wendy’s New Global Next Gen Prototype Scheduled to Open January 2025-- --Brand New, 20-Year Wendy’s Sale-Leaseback-- --Texas is a Tax-Free State-- --Prime Retail Location-- -Highly-Trafficked Location at the Intersection of College Ave and Walnut St (Traffic Counts Exceed 15,000 Cars Per Day) -Located up the Street from South Plains College with Over 10,000 Students -Close Proximity to a Shopping Center Anchored by United Supermarkets -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Walmart, Starbucks, Pizza Hut, AT&T, HTeaO, O’Reilly Auto Parts, Stripes, Subway, Taco Bell, Tractor Supply, ACE Hardware, and Many More --Experienced Wendy’s Franchisee-- -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States -Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation Broker of Record: Tim Speck 5001 Spring Valley Road, Suite 100W Dallas, TX 75244 License: #9002994

FOR SALE DETAILS

PRICE

$2,857,142 USD

PRICE/SF

$1,198 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's - New 20-Year Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,625 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.