Wendy’s Drive-Through
For Sale
Contact for pricing
1417 Hewitt Drive, Woodway, TX 76712
Single-tenant Wendy’s property with an absolute NNN lease and multiple renewal options.
Property Size2,419 SF
Price / SF$985.94
Days on Market117
Property Features for 1417 Hewitt Drive
General Information
Standard status
Active
Size
2,419 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$154,880
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
6.5%
Building Details
Year Built
1999
Buildings
1
Tenancy
Single
Listing Agency:
IHA PARTNERS, INC.
Listed By:
Casey Young · License #CA 01879942
Source:
Crexi
Added: May 6
Changed: Aug 29
Last Checked: Aug 29 at 11:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IHA PARTNERS, INC.
Investment Insights
Based on property information with market context.
This 2,419-square-foot Wendy’s drive-through restaurant was built in 1999 and is offered with fee simple ownership. The property is leased to a single tenant under an absolute triple net structure, limiting landlord obligations. Approximately 12 years remain on the original lease term, followed by four additional five-year renewal options and scheduled 10% rent increases. The offering reflects a 6.50% cap rate based on the upcoming lease economics.
The restaurant occupies 1417 Hewitt Drive in Woodway, Texas, within an established retail corridor. The site records traffic counts exceeding 30,000 vehicles per day and connects directly with Interstate 35 and the Highway 6 interchange. Nearby national retailers include H-E-B Plus, Walmart Supercenter, CVS Pharmacy, and Walgreens, with additional quick-service and fast-casual restaurants in the surrounding trade area.
The restaurant occupies 1417 Hewitt Drive in Woodway, Texas, within an established retail corridor. The site records traffic counts exceeding 30,000 vehicles per day and connects directly with Interstate 35 and the Highway 6 interchange. Nearby national retailers include H-E-B Plus, Walmart Supercenter, CVS Pharmacy, and Walgreens, with additional quick-service and fast-casual restaurants in the surrounding trade area.
Key Highlights
- 2,419‑SF Wendy’s drive‑through restaurant built in 1999
- Single‑tenant absolute NNN lease structure
- Approximately 12 years remaining on the original lease term
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
306k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 21%
Home Improvements & Furnishings 4%
Apparel 2%
Raising Cane's Chicken Fingers
Dining
28,820 visits/mo
0.1 miles
Whataburger
Dining
28,517 visits/mo
0.3 miles
McDonald's
Dining
27,697 visits/mo
0.3 miles
Murphy USA
Shops & Services
24,354 visits/mo
0.5 miles
Bush's Chicken
Dining
17,705 visits/mo
0.1 miles
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Single-tenant Wendy’s property with an absolute NNN lease and multiple renewal options.
Where is this drive through restaurant located?
The property is located at 1417 Hewitt Drive Woodway, TX.
What is the asking price?
The asking price for this property is $2,385,000.
What are key features of this property?
This property features: 2,419‑SF Wendy’s drive‑through restaurant built in 1999; Single‑tenant absolute NNN lease structure; Approximately 12 years remaining on the original lease term
