Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year absolute NNN ground lease with three (3) five (5) year options, creating a stable, long-term investment
» 10% rental increases every five (5) years, providing a hedge against inflation
» Absolute NNN lease requires zero landlord management, ideal for an out-of-area investor
» Wendy’s is the world’s third-largest hamburger fast-food chain with over 6,700 locations

HIGH-TRAFFIC LOCATION WITH STRONG CUSTOMER BASE
» High-visibility location near State Route 99/Grand Parkway, a major Richmond thoroughfare (49,588 AADT)
» $128,533 average household income within a one-mile radius of the property
» Close proximity to several large housing developments, including Waterview Estates (28,004 residents), Long Meadow Farms (27,407 residents), Waterside Estates (20,642 residents), and Bradford Park (18,917 residents)
» 213,002 residents and growing within a five-mile radius
» Projected population growth of 14 percent in next five years within five miles of the property

CENTRAL LOCATION NEAR LARGE RETAILERS, EMPLOYERS, HOSPITALS AND COMMUNITY HUBS
» Located in the wealthiest county in Texas (Fort Bend)
» Central location in Waterview Town Center, one of four new retail centers located along Grand Parkway (1.4 million SF of retail space)
» Less than one mile from recently opened Amazon Fulfillment Center (projected 3,000 new jobs)
» Within a four-mile radius of William B. Travis High School (2,489 students), Oakland Elementary School (1,052 students), and David Crockett Middle School (991 students)
» Near Target’s first next generation store and a brand-new H-E-B
» Surrounded by notable tenants such as AutoZone (coming soon), Chick-fil-A, Chipotle Mexican Grill, Whataburger, Academy Sports + Outdoors, At Home, Starbucks, and more

HIGH-TRAFFIC LOCATION WITH STRONG CUSTOMER BASE
» 2021 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» Texas has no state income tax, estate tax, or inheritance tax

Property Description

SOLD

The property is conveniently located on West Bellfort Street, with immediate access and visibility to 49,588 AADT on State Route 99/Grand Parkway. The location resides in a densely populated area with affluent demographics, with an average household income of $128,533 within a one-mile radius of the property and population of 213,002 within a five-mile radius of the location. Traffic to the property is increased by the site’s proximity to several large housing developments, including Waterview Estates (28,004 residents), Long Meadow Farms (27,407 residents), Waterside Estates (20,642 residents), and Bradford Park (18,917 residents). The area is growing rapidly, with a projected population growth of 14 percent in the next five years within five miles of the property.

The site has an irreplaceable location near large schools, employers, and retailers. Visibility is increased by the property’s central location in Waterview Town Center, one of four new retail centers located along Grand Parkway, featuring 1.4 million SF of retail space. The site resides less than one mile from a new Amazon Fulfillment Center, which opened in 2021 and projects to add 3,000 new jobs to the local area. The location is also near to Target’s first next generation store, a new H-E-B, and is surrounded by notable tenants such as AutoZone (coming soon), Chick-fil-A, Chipotle Mexican Grill, Whataburger, Academy Sports + Outdoors, At Home, Starbucks, and many more. The property is also within a four-mile radius of William B. Travis High School (2,489 students), Oakland Elementary School (1,052 students), and David Crockett Middle School (991 students).