wendy’s - exp realty advisors - san angelo, tx - v2.pdf · wendy's is the world's third...
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Price: $2,263,756 | NOI: $118,847.20 | CAP: 5.25%
Wendy’s (with 60% above average sales)
5555 Sherwood Way – San Angelo, TX
Largest Wendy's franchisee in the nation with 331 locations
Pad is directly in front of a Super Walmart, with Lowe’s, & Sam’s Club on either side
Sales are 60% above an average Wendy's unit volume
Rent to sales ratio of 4.8% and lease is absolute triple net
Located at the major retail corridor of San Angelo which includes Target and the Sunset Mall
Other tenants in the area include Best Buy, PetCo, Ross, Bed Bath & Beyond, and Michael’s
Population growth of 5.1% (2011-2016) and avg. household income of $61,726 in one mile
Daniel de Sa‘ Director of Sales
Phone: (212) 972-7457 E-mail: [email protected]
www.exp1031.com
Robert P. James President
Phone: (212) 972-7457 Email: [email protected]
INVESTMENT OVERVIEW
Whisper Valley Ranch
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Wendy’s
Investment Overview
PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a 3,450 sf Wendy’s in San Angelo, TX, on 1.34 acres with exceptional sales. Located on the major retail corridor of San Angelo, the property is a pad site directly in front of a Walmart Supercenter. Lowe’s and Sam’s Club are located on either side. Sales are 60% above an average Wendy’s. Other tenants in the center include Dollar Tree, Sally Beauty Supply, Chick-fil-A, Dairy Queen, and McDonald’s. The property is located off the intersection of Route 67 and Sherwood Way, with traffic counts of 28,652 & 17,255 respectively. The Sunset Mall, anchored by Dillard’s, JC Penny, Sears, and Beall’s, is located half of a mile from the property off of Route 67. The rent to sales ratio is low at 4.8%. The tenant is required to report sales per the lease. This store is a top performer. LOCATION OVERVIEW: San Angelo is the county seat of Tom Green County in West Central Texas. U.S. Interstate Highways I-10, I-20 and U.S. Highway 67, where the property is located, are the area’s major transportation routes. San Angelo has a diverse economy and has consistently been ranked by many publications as one of the best small cities for business and employment. In 2012, it ranked seventh in the nation in Forbes Magazine's "Best Cities For Jobs" rankings. In 2010 Kiplinger's Personal Finance named San Angelo as one of the "Best Cities of the Next Decade". In 2009, CNN Money ranked San Angelo as one of the best cities to launch a small business. Population growth is projected to be 5.1% for 2011 to 2016, and average household income is $61,726 within one mile. LEASE SUMMARY: Rent Commencement: 6/9/2006 Lease Expiration: 6/30/2024 Current Rent: $118,847.20 * Escalations: 6% every 5 years in base term & options Options: Four, (5) year options Lease Type: Absolute triple net lease with no Landlord responsibilities *Seller will credit the buyer with the difference between current and escalated rent as of closing. TENANT OVERVIEW: WENDAB ASSOCIATES LIMITED PARTNERSHIP Wendab Associates Limited Partnership is a division of WendPartners. WendPartners is the largest Wendy’s franchisee with 331 locations in 20 states. The company is based in Cortland, N.Y. WendPartners is a consortium of franchise groups controlled by Lewis Topper, Jeffrey Coghlan and several affiliated companies. The tenant lease was originally with GE Capital Franchise Finance Corporation and is absolute triple net. Wendy's is the world's third largest quick-service hamburger company. The Wendy's system includes more than 6,500 franchise and company owned restaurants in the U.S. and 25 other countries and U.S. territories worldwide.
INVESTMENT SUMMARY Price: $2,263,756 CAP Rate: 5.25% Sales: 60% above average NNN Rent: $118,847.20 Escalations: 6% every 5 years (in base term & options) Bld. Sq Ft: 3,450 sf Land Size: 1.34 acres Lease Type: Absolute Triple Net
Subject Property
Subject Property
Whisper Valley Ranch
Area History
AERIAL
Whisper Valley Ranch
Property Line Map
Wendy’s
Aerial
Sunset Mall
Whisper Valley Ranch
Area History
AERIAL
Whisper Valley Ranch
Property Line Map
Wendy’s
Aerial
Sunset Mall
Whisper Valley Ranch
Property Line Map
Wendy’s
Site Plan
SITE PLAN This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Wendy’s
Location Map
LOCATION MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Wendy’s
Location Map
LOCATION MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
DEMOGRAPHIC DATA This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Wendy’s
Demographic Data
Contact Us
EXP Realty Advisors 118 East 28th Street
Suite #901 New York, NY 10016
Phone: (212) 972-7457 Fax: (212) 686-0078 www.exp1031.com
Our Team
Robert P. James President
Phone: (212) 972-7457 Email: [email protected]
Daniel de Sa‘
Director of Sales Phone: (212) 972-7457
E-mail: [email protected]
Radius 3 Mile 5 Mile 10 Mile
Population:
2016 Projection 28,781 60,192 104,002
2011 Estimate 27,391 58,148 100,502
2010 Census 27,038 57,686 99,444
Growth 2011-2016 5.10% 3.50% 3.50%
Growth 2010-2011 1.30% 0.80% 1.10%
2011 Population By Hispanic Origin 5,904 17,873 37,958
2011 Population by Race:
White 23,576 48,313 81,332
Black or African American 910 2,384 4,384
American Indian and Alaska Native 158 413 805
Asian 462 727 1,078
Native Hawaiian and Pacific Islander 23 55 91
Other Race 1,581 4,753 9,892
Two or More Races 682 1,503 2,920
2011 Households:
2016 Projection 12,712 24,955 40,485
2011 Estimate 12,032 24,013 38,896
2010 Census 11,886 23,836 38,474
Growth 2011-2016 5.70% 3.90% 4.10%
Growth 2010-2011 1.20% 0.70% 1.10%
Owner Occupied 7,261 14,359 24,182
Renter Occupied 4,771 9,654 14,714
2011 Avg Household Income $61,726 $55,846 $50,733
2011 Med Household Income $44,885 $39,389 $36,468
2011 Per Capita Income $27,451 $24,186 $21,254
2011 Households by Household Inc:
Income Less than $15,000 1,895 4,181 7,386
Income $15,000 - $24,999 1,423 3,267 5,852
Income $25,000 - $34,999 1,408 3,161 5,346
Income $35,000 - $49,999 1,777 3,781 6,356
Income $50,000 - $74,999 2,285 4,414 6,779
Income $75,000 - $99,999 1,389 2,302 3,381
Income $100,000 - $149,999 1,178 1,756 2,405
Income $150,000 - $199,999 277 440 553
Income $200,000+ 401 703 829