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| Price $2,535,000 $2,690,000 | Built/Renov 2001/2023 | Tenant Whataburger (GL) |
| Cap Rate 5.33% 5.02% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,500
| Lease Start
10-17-2023
| #Units
1,000
|
| Price/SF $724.29 $768.57 | Expiration
10-31-2038
| Tenant Type Fast Food/QSR |
| NOI $135,000 | R. Term 14.1 | 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 |
| | |
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...
...Recent renovation
Dense retail corridor
Near major nationals
Strategically located
Freeway visibility
Major MSA
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Over 1000 units backed
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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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
