Wendy's | Corp Guaranty | 2018 Remodel | San Antonio,… — Sale in San Antonio, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Business
- Location: San Antonio, TX 78227
Photos
Investment Figures
- Cap rate
- 6.25%
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 a freestanding Wendy's drive-thru located at 6827 Military Drive West in San Antonio, Texas. The ±3,456-square-foot restaurant sits on ±0.63 acres and is secured by a NNN lease with zero landlord responsibilities and two (2) five-year renewal options. Annual base rent of $77,000 delivers a 6.25% cap rate, with scheduled 10% rent increases every five years throughout the renewal periods providing long-term income growth. The property is positioned along Military Drive West (±15,634 VPD) with convenient access to Interstate 410 (±96,425 VPD), US Highway 90, Highway 151, and Loop 1604. The 5-mile trade area supports a population of 271,035 residents and an average household income of $90,727, with major drivers including Joint Base San Antonio-Lackland, Westover Hills Baptist Hospital (100+ beds), John Jay High School (2,118 students), and John Paul Stevens High School (2,700 students). The property sits within the San Antonio MSA, home to more than 2.78 million residents, pairing Wendy's established brand strength (7,000+ locations, NASDAQ: WEN) with passive, net-lease income in a high-growth Texas market. Investment Highlights: • NNN Lease w/ Zero Landlord Responsibilities • Two (2) Five-Year Renewal Options Providing Up to 10 Additional Years of Occupancy • Scheduled 10% Rent Increases Every 5 Years Throughout Renewal Periods • Corporate Lease • Freestanding Drive-Thru on ±0.63 Acres, Remodeled in 2018 • Military Drive West (±15,634 VPD) w/ Access to I-410 (±96,425 VPD)Military Drive West (±15,634 VPD) w/ Access to I-410 (±96,425 VPD) • Proximate to Joint Base San Antonio-Lackland and Westover Hills Baptist Hospital (100+ Beds) • San Antonio MSA | 2.78 Million Residents | One of the Fastest-Growing Metros in the U.S.
Market Context
This food service in San Antonio, TX is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in San Antonio, TX — view the full market.
Contact
- Jason Fefer · (310) 909-2394 · jason.fefer@marcusmillichap.com
- Tyler Bindi · (310) 909-2374 · tyler.bindi@marcusmillichap.com
- Tim Speck · (972) 755-5200
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