4014 Spencer Hwy Pasadena, TX 77504
Single-tenant Wendy’s with a brand-new 20-year absolute NNN lease.
Lot size:
0.72 AcresProperty Features for 4014 Spencer Hwy
General Information
- Lot size
- 0.72 Acres
Source:
Cppcre
Listing Agent: John Andreini
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Wendy's NNN Lease Property
This single-tenant property is leased to Wendy's under an absolute NNN lease agreement. The lease features a brand-new 20-year extension, with 10% rental increases scheduled every 5 years during the primary term and option periods. The tenant is the largest Wendy’s franchisee in the U.S., operating over 560 Wendy’s and Taco Bell locations. The property has a history of over 35 years of operation at this site. The location benefits from its proximity to national retailers such as Kroger, Target, Walmart, Home Depot, and Hobby Lobby, which drive traffic to the direct trade area. The property includes a drive-thru and has below-market rent at $31/SF.
Location Intelligence
Current Use by Public Records
Wendy's
Fast Food Restaurant
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Harris
- State
- Texas
- Longitude
- -95.182038
- Latitude
- 29.664876
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FAQs
What type of property is this?
Drive through restaurant - Single-tenant Wendy’s with a brand-new 20-year absolute NNN lease.
Where is this drive through restaurant located?
The property is located at 4014 Spencer Hwy Pasadena, TX.
What are key features of this property?
This property features: - Brand-new 20-year absolute NNN lease extension.; - Tenant is the largest Wendy’s franchisee in the U.S. with over 560 Wendy’s and Taco Bell locations.; - Enjoy 10% rental increases every 5 years during the primary term and option periods.