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Wendy's

$1,804,000

4014 Spencer Highway, Pasadena, TX 77504

Active
Last Updated: 07/22/2025

4.85

Cap Rate

87,500

NOI

Details:
Cap Rate:    4.85%
NOI:    $87,500
Building Size:    2,722 sqft
Lot Area:    0.72 acres
Lease Type:    Absolute Net
Tenancy:    Single
Year Last Renovated:    2018
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.
  • Nearby national retailers driving traffic to the direct trade area include Kroger, Target, Walmart, Home Depot, and Hobby Lobby
Description:

Brand-new 20-year absolute NNN lease extension featuring 10% rental increases every 5 years and 4, 5-year extension options. Tenant is the largest Wendy’s franchisee in the U.S. with over 560 Wendy’s and Taco Bell locations in their system.

Map:
Documents:
Title
Wendys_PasadenaTX.pdf
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Location
Gallery