Wendy’s NNN
For Sale
Contact for pricing
2505 S Loop 289, Lubbock, TX 79423
Freestanding restaurant investment with a new long-term triple-net lease and scheduled rent increases.
Property Size3,227 SF
Lot Size0.89 Acres
Days on Market141
Property Features for 2505 S Loop 289
General Information
Standard status
Active
Size
3,227 SF
Lot size
0.89 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 2:45PM
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 is a Wendy’s restaurant comprising 3,227 square feet of building area on approximately 0.89 acre. The operating business is supported by a newly executed 20-year triple-net lease that assigns no landlord responsibilities following the closing. Lease economics include annual increases beginning in Year 3, calculated as the lesser of CPI or 1.25%.
The agreement also provides six five-year renewal options, extending the tenant’s potential occupancy beyond the initial term. Meritage Hospitality Group guarantees the lease; the guarantor operates 318 units and ranks as the second-largest Wendy’s franchisee. The restaurant is located at 2505 S Loop 289 in Lubbock, Texas.
The agreement also provides six five-year renewal options, extending the tenant’s potential occupancy beyond the initial term. Meritage Hospitality Group guarantees the lease; the guarantor operates 318 units and ranks as the second-largest Wendy’s franchisee. The restaurant is located at 2505 S Loop 289 in Lubbock, Texas.
Key Highlights
- Wendy’s restaurant with 3,227 square feet of building area
- Approximately 0.89 acre of land
- New 20‑year triple‑net lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
212k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Superstores 42%
Shops & Services 8%
Electronics 3%
Target
Superstores
88,566 visits/mo
0.1 miles
McDonald's
Dining
34,871 visits/mo
0.4 miles
Wendy's
Dining
21,264 visits/mo
0.2 miles
Starbucks
Dining
16,933 visits/mo
0.5 miles
Valero Energy
Shops & Services
13,971 visits/mo
0.3 miles
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
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 - Freestanding restaurant investment with a new long-term triple-net lease and scheduled rent increases.
Where is this nnn property located?
The property is located at 2505 S Loop 289 Lubbock, TX.
What are key features of this property?
This property features: Wendy’s restaurant with 3,227 square feet of building area; Approximately 0.89 acre of land; New 20‑year triple‑net lease
