Technical
Financial
Distress signals
Property profile

10219 Mcpherson Rd Laredo, TX 78045

OFF-MARKET
Drive through restaurants
Property ID
US82-4696803
1,891 SF 1.01 ac lot Built 2005
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2005
Total area 1,891 SF
Lot 1.01 ac (43,996 SF)
APN 977-73001-020
UPID US82-4696803

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Restaurant Take-out & Catering

Location

10219 Mcpherson Rd Laredo, TX 78045-6523
Laredo metro Census 1726 LAREDO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10219 Mcpherson Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message