10219 Mcpherson Rd, Laredo, TX 78045-6523
- Drive through restaurants
- 1,891 SF
- 1.01 lot acres
Current Use by Public Records
- Wendy's / Restaurant / Take-out & Catering
- Church's Texas Chicken / Restaurant / Take-out & Catering
Property Details for 10219 Mcpherson Rd
- Year built
- 2005
- Lot size
- 1.01 lot acres
- Property type
- Drive through restaurants
- APN
- 977-73001-020
- APU
- 97773001020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 28, 2025 | — | Fmgm Properties LLC | Provecho LP | Special Warranty Deed | — |
| Apr 4, 2005 | — | Provecho LP | San Isidro Monarch Ltd | Venders Lien | $360k · Texas Community Bank NA |
Description
This exceptional investment opportunity presents a Wendy's franchise located at 10219 McPherson Rd, Laredo, TX 78045. The property boasts a 3,389 square foot building on a 0.58-acre lot, constructed in 2005. A strong 14.4 years remain on an absolute NNN lease with a prominent multi-brand franchisee, RKR Restaurants (an Oberoi Restaurants company), operating over 50 Wendy's locations across Texas and Florida. The lease, commencing April 18, 2019, and expiring April 29, 2039, includes four 5-year renewal options and a 10% rent increase every five years. The current asking price is $1,322,000, representing a compelling $390.09 per square foot and a 5.50% cap rate with a current NOI of $72,706. The property benefits from high visibility on McPherson Rd (26,400 VPD) and proximity to I-69W (51,000 VPD). Its strategic location near Independence Plaza, a top-performing community shopping center (98th percentile nationally) anchored by HEB and featuring numerous national retailers, ensures significant foot traffic (3.4M TTM visits within a 50-mile radius). Furthermore, the property's adjacency to a high-ranking private school and a major hospital enhances its desirability and long-term stability. This offering presents a rare chance to acquire a well-positioned, high-performing Wendy's location with substantial remaining lease term and significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Laredo
- County
- Webb
- State
- Texas
- Longitude
- -99.4773
- Latitude
- 27.6029
- CBSA code
- 29700
- CBSA name
- LAREDO, TX METROPOLITAN STATISTICAL AREA
