THE SILVER GROUP SELLS A WENDY’S RESTAURANT

The Silver Group is pleased to announce the sale of a single tenant Wendy’s restaurant in Houston, Texas. The property has 14 years remaining on the primary lease term and existing debt that needed to be assumed. A California-based buyer acquired the property to complete a tax deferred exchange. The tenant was a new franchisee who recently acquired 34 Wendy’s locations around Houston. The property is located at 3710 Scott Street, across the street from the new University of Houston football stadium and along the Metro Rail expansion. This densely populated location is close to Yates High School, Texas Southern Univ. and Thurgood Marshall Law School.