Wendys — Sale in Big Spring, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Big Spring, TX 79720

Investment Figures

Cap rate
5.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed, single-tenant Wendy’s located at 2311 South Gregg Street in Big Spring, Texas. Completed in 2023, the property features a 2,045-square-foot Wendy’s Next Generation prototype situated on approximately 0.59 acres, incorporating a drive-thru, walk-up window, and modern building design intended to support high-frequency quick-service demand. The asset is leased to Meritage Hospitality Group under a long-term NNN lease, providing investors with passive ownership. The lease commenced on December 12, 2023, with 18 years of primary term remaining, annual 1.50% rent escalations, and six 5-year renewal options, offering extended income visibility and long-term optionality. Offered at a 5.50% cap rate, the property generates $169,987 in annual NOI, supported by consistent contractual rent growth throughout the lease term. Annual rent increases are scheduled every year, reaching approximately $218,947 by year 18, providing a built-in hedge against inflation and enhancing long-term yield. The Wendy’s is positioned within one of Big Spring’s primary retail corridors, surrounded by major national retailers including Walmart, H-E-B, McDonald’s, Arby’s, and Pizza Hut, and directly across from the West Texas VA Hospital, which serves over 79,000 veterans annually. The site benefits from strong daily traffic drivers including healthcare, retail, education, and nearby residential density, reinforcing the long-term viability of the location for quick-service dining. Investment Highlights: • • New 2023 Construction featuring a Wendy's Next Generation prototype with drive-thru and walk-up window • • Long-Term Absolute NNN Lease with approximately 18 years remaining • • Strong Rent Growth with 1.50% annual rent escalations throughout the primary lease term • • Strong Tenant operated by Meritage Hospitality Group, a large-scale Wendy's franchisee with 385+ units across 16 states and a public company gu

Market Context

This retail in Big Spring, TX is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Big Spring, TX — view the full market.

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