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Views: 82 DOM: 38 Updated: 06.25.24 Posted: 06.04.24 Status: Active


Price $2,690,000
Built/Renov 2001/2023
Tenant Whataburger (GL)
Cap Rate 5.02%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,500
Lease Start 10-17-2023
#Units 1,000
Price/SF $768.57
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $135,000
R. Term 14.3
Ownership Ground Lease
Rent/SF $38.57
Increases 10.0%/4/yrs
Pop 5Mi 61,138
Lot/AC 1.26
Options 3/5yrs/10%
AHHI 5Mi $82,261

Lease Highlights

  • Whataburger has 14+ years remaining on the current ground lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Whataburger is strategically located on Business Park Drive, with access to 33,200 vehicles passing by daily. The property benefits from its proximity to State Hwy 14, a major retail thoroughfare, and Interstate 65 (45,600 VPD). Additionally, it is just 2 miles north of High Point Town Center and Prattville Town Center, shopping centers, and is less than 1.5 miles from a Walmart Supercenter, a...



  • 1 Mile
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  • 5 Miles


  • Tenant: Whataburger
  • Guarantor:Corporate
  • Company:BDT Capital
  • # Units:1,000
  • Stock:Private

About Tenant

Whataburger is an American regional fast-food restaurant chain. The company, founded by Harmon Dobson and Paul Burton, opened its first restaurant in Corpus Christi, TX, in 1950. Known for their...


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