10219 Mcpherson Rd Laredo, TX 78045-6523

Property Details for 10219 Mcpherson Rd

Year built

2005

Lot size

1.01 lot acres

Property size

1,891 SF

Property type

Drive through restaurants

APN

977-73001-020

APU

97773001020

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.

Location Insight

City

Laredo

County

Webb

State

Texas

Longitude

-99.4773

Latitude

27.6029

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments