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5555 Sherwood Way
San Angelo, TX 76904

$2,846,000 USD

Fast Food For Sale  •  3,450 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,450 SF
  • Lot Size 1.34 AC
  • Building Class B
  • Year Built 1999
  • Cap Rate 5.00 %
  • Tenancy Single
0 Transit Score
49 Walk Score

Description

HMX Realty Advisors exclusively presents a recently renovated and extended Wendy’s for sale. The property is a pad site to a Walmart Supercenter, with Lowe’s Home Improvement next door. The Wendy’s is open until 1:30 AM. Other nearby retailers include Target. There is a prominent ground leased billboard included in the sale. This Wendy’s underwent a full renovation funded by the tenant and the tenant extended their lease for an additional 10 years, with reported sales of $2.5 million. The absolute triple net lease includes 8% rent escalations every five years. HEB Grocery is directly across the street with Chick-Fil-A and Chipotle. Kohl's and Sam's Club are adjacent to the south and the 560,000 sf Sunset Mall is to the north with Marshalls, Ross, HomeGoods and JCPenney. This is a very dense retail corridor which supports two HEB grocery stores.


The Wendy's is leased to Wendab Associates which is part of WendPartners Franchise Group 
operating 329 Wendy’s and is Wendy’s largest franchisee. The billboard is leased to Southwest 
Outdoor Advertising which is a leading outdoor advertising company operating in Texas and 
Pennsylvania. The billboard is a double-sided electronic billboard which has outstanding visibility 
and is in a highly desirable location. The Wendy's has a very large, tall and prominent pylon sign as 
well.

Highlights

Pad site to Walmart and Lowe’s
Tenant renovated the property and requested a 10-year lease extension
Tenant supplies a unit level P&L annually
Sales are $2.5m which is a 5.4% rent to sales ratio
24-year electronic billboard ground lease income with 10% escalations
Largest Wendy's franchisee with over 329 locations

Property Flyers

Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Wendy's 6/8/2024

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
San Angelo Regional/Mathis Field 14 min - 7.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
Robert James 917-741-1525 HMX Realty Advisors
Robert James 917-741-1525 HMX Realty Advisors