Wendy's - Sweetwater, TX
DOMINANT NATIONAL TENANT | STRONG REGIONAL FRANCHISEE
Wendy’s is the third largest hamburger fast food chain worldwide with over 6,700 locations worldwide. Global system wide sales in 2020 are expected to reach $11.5B. The Franchisee, Stonewall Road Restaurant Group LLC (SRRG), operates 45 Wendy’s restaurants in Texas, Oklahoma, and Kentucky. Headquartered in Dallas, TX, SRRG is an exclusive Wendy’s operating firm and one of Wendy’s fastest-growing and most respected franchisee groups.
LONG TERM COMMITMENT | PASSIVE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES
Wendy’s signed a new twenty (20) year lease in January 2015 that currently has approximately 14.5 years remaining in the primary term with four (4), five (5) year options. The triple-net (NNN) lease requires zero landlord responsibilities, with the tenant being responsible for all maintenance and repairs.
ANNUAL RENTAL INCREASES | INCOME GROWTH | HEDGE AGAINST INFLATION
The lease features attractive 1.25% annual rent increase throughout the primary and option term(s), providing the landlord with income growth and a hedge against future inflation.
OUTPARCEL TO WALMART SUPERCENTER | NEARBY MAJOR HOSPITAL | HIGHLY VISIBLE & EASILY ACCESSIBLE DRIVE-THRU LOCATION ALONG I-20
Wendy’s is located along I-20 (34,233 VPD), adjacent to two of Sweetwater’s largest employers the 39 bed Rolling Plains Memorial Hospital (RPMH) with 329 daytime employees and Walmart Supercenter with 190 daytime employees. Built in 2004, Walmart Supercenter is a major retail destination for residents in Sweetwater and the surrounding areas, providing additional traffic to the site. The subject property allows for easy on/off freeway access for commuters along the I-20 frontage road, and features exceptional visibility with a large pylon sign visible to traffic along I-20 in both directions.