Wendy's NNN Restaurant
For Sale
Contact for pricing
212 University Ave, Lubbock, TX 79415
A Wendy's restaurant is supported by a new 20-year NNN lease with no landlord responsibilities.
Property Size2,747 SF
Lot Size0.90 Acres
Days on Market145
Property Features for 212 University Ave
General Information
Standard status
Active
Size
2,747 SF
Lot size
0.90 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 9:23AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The property comprises a 2,747-square-foot Wendy's restaurant on approximately 0.90 acres at 212 University Avenue in Lubbock, Texas. Following closing, the tenant is scheduled to execute a new 20-year triple-net lease that places no landlord responsibilities on ownership.
Annual rent adjustments begin in Year 3 and are set at the lesser of CPI growth or 1.25%. The lease includes six additional five-year renewal options, extending the contractual term beyond the initial period. Meritage Hospitality Group will provide the lease guaranty; the company operates more than 353 units and is identified as the largest Wendy's franchisee.
Annual rent adjustments begin in Year 3 and are set at the lesser of CPI growth or 1.25%. The lease includes six additional five-year renewal options, extending the contractual term beyond the initial period. Meritage Hospitality Group will provide the lease guaranty; the company operates more than 353 units and is identified as the largest Wendy's franchisee.
Key Highlights
- 2,747‑square‑foot Wendy's restaurant on approximately 0.90 acres
- New 20‑year triple‑net lease begins following closing
- No landlord responsibilities under the lease structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
234k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 20%
Groceries 17%
Hotels & Casinos 3%
Chick-fil-A
Dining
50,980 visits/mo
0.5 miles
Amigos
Groceries
38,826 visits/mo
0.1 miles
McDonald's
Dining
31,146 visits/mo
0.2 miles
United Express Fuel
Shops & Services
19,514 visits/mo
0.1 miles
SONIC Drive In
Dining
19,363 visits/mo
0.2 miles
Demographics for 79415, TX
17,499
Population
7,225
Households
2.4
Avg Household Size
30
Median Age
26%
College-Educated
77%
High-School Grad
67.8 sq mi
ZIP Area
258
Density / Sq Mi
$37,101
Median Household Income
$25,506
Median Earnings
$956
Median Rent
$94,000
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?
NNN property - A Wendy's restaurant is supported by a new 20-year NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 212 University Ave Lubbock, TX.
What are key features of this property?
This property features: 2,747‑square‑foot Wendy's restaurant on approximately 0.90 acres; New 20‑year triple‑net lease begins following closing; No landlord responsibilities under the lease structure
