Wendy’s Triple-Net Retail
For Sale
Contact for pricing
4070 Faudree Rd, Odessa, TX 79765
Wendy’s is offered under a new 20-year triple-net lease with fixed landlord-responsibility terms through the lease term.
Property Size2,747 SF
Lot Size0.75 Acres
Days on Market120
Property Features for 4070 Faudree Rd
General Information
Standard status
Active
Size
2,747 SF
Lot size
0.75 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 23 at 3:29AM
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.
This Wendy’s property offers a single-tenant retail building with approximately 2,747 square feet situated on about 0.75 acres of land. The asset is presented for sale with a brand new 20-year triple-net (NNN) lease in place. The terms state there will be absolutely no landlord responsibilities upon the day following close of escrow.
The lease includes rental increases that are structured as the lesser of the change in CPI or 1.25% annually starting in Year 3, with increases continuing through the base term and into six, five-year tenant renewal options. The lease is also described as having a guaranty from Meritage Hospitality Group.
The offering is positioned as an NNN specialty retail investment with a long-duration tenant agreement.
The lease includes rental increases that are structured as the lesser of the change in CPI or 1.25% annually starting in Year 3, with increases continuing through the base term and into six, five-year tenant renewal options. The lease is also described as having a guaranty from Meritage Hospitality Group.
The offering is positioned as an NNN specialty retail investment with a long-duration tenant agreement.
Key Highlights
- Wendy’s in Odessa, TX at 4070 Faudree Road with 2,747 SF of building space on ~0.75 acres
- Brand new 20‑year triple‑net (NNN) lease with no landlord responsibilities starting the day after escrow close
- Tenant lease includes rental increases that are the lesser of CPI change or 1.25% annually starting in Year 3
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 79765, TX
21,163
Population
9,709
Households
2.2
Avg Household Size
31
Median Age
26%
College-Educated
91%
High-School Grad
23.4 sq mi
ZIP Area
904
Density / Sq Mi
$100,844
Median Household Income
$53,204
Median Earnings
$1,535
Median Rent
$299,800
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 - Wendy’s is offered under a new 20-year triple-net lease with fixed landlord-responsibility terms through the lease term.
Where is this nnn property located?
The property is located at 4070 Faudree Rd Odessa, TX.
What are key features of this property?
This property features: Wendy’s in Odessa, TX at 4070 Faudree Road with 2,747 SF of building space on ~0.75 acres; Brand new 20‑year triple‑net (NNN) lease with no landlord responsibilities starting the day after escrow close; Tenant lease includes rental increases that are the lesser of CPI change or 1.25% annually starting in Year 3
