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    4014 Spencer Hwy Pasadena, TX 77504

    For Sale
    Contact for pricing

    Single-tenant Wendy’s with a brand-new 20-year absolute NNN lease.

    Lot size:
    0.72 Acres

    Property Features for 4014 Spencer Hwy

    General Information

    Lot size
    0.72 Acres

    Source: John Andreini 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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    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.
    (415) 274-2715
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    4014 Spencer Hwy Pasadena, TX 77504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4014 Spencer Hwy Pasadena, TX 77504
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