Description

The Northmarq National Restaurant Group is offering for sale a single-tenant Wendy’s located at 307 South Fry Road in Katy, Texas. The 3,002-square-foot property is scheduled to undergo a full renovation to align with Wendy’s newest store design. The tenant recently exercised a new 10-year extension on the absolute NNN lease, which carries zero landlord responsibilities and includes 7.5% rent increases every five years. The lease is backed by HAZA Foods, LLC, the largest franchisee in the Wendy’s system. Founded in 2013, HAZA Foods has expanded rapidly and now operates more than 420 locations across Texas, Louisiana, Minnesota, New York, and Ohio. The property is situated in Katy, one of Houston’s most prominent suburbs, where the average household income within a one-mile radius is approximately $139,000. Katy is widely recognized for its high-quality schools and is frequently ranked among the best places to live in the United States. Since 2020, the city’s population has grown by more than 23%, reflecting strong residential and economic growth. Additionally, the property is located within three miles of three major hospitals totaling 533 beds, and is less than 1½ miles from both James E. Taylor High School, with 3,188 students, and Nottingham Country Elementary, with 841 students. These nearby institutions serve as consistent traffic drivers, supporting steady customer demand in the surrounding area.