Historical Retail Sale Listing - Whataburger Ground Lease

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Whataburger Ground Lease

Highway 59 North and Northpark Drive, Kingwood, TX 77339

N/A

2,800 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
2,800 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Cap Rate:
7%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2010
Lot Size:
0.96 AC
Listing ID
16485059
Last Updated
over 1 year ago

Highlights

  • 20 year lease with three, 5-year renewal options
  • 6.5% increases every 5 years
  • Strong demographic area
  • Strategically located at US Highway 59 and Northpark Drive in Houston (Kingwood), Texas
  • Part of a 23-acre development anchored by a state of the art, 14 screen, stadium seating Starplex Cinema opening Spring 2010

Description

Stan Johnson Company is pleased to offer for sale to qualified investors an attractive brand-new retail property located in Kingwood (Houston), Texas.

Whataburger is a family owned and operated regional burger chain. The chain provides 24 hour service at nearly 700 locations in Texas and 10 other states.

Kingwood is a 14,000 acre master-planned community located in northeast Houston, Texas. The majority of the community is located in Harris County with a small portion in Montgomery County. Known as the "Livable Forest," it is the largest master-planned community in Harris County and second-largest within the 10-county Houston/Sugar Land/Baytown metropolitan area.

Houston is the fourth-largest city in the United States of America and the largest city within the state of Texas. As of the 2006 U.S. Census estimate, the city has a population of 2.2 million within an area of 600 square miles. Houston is the seat of Harris County and the economic center of the Houston/Sugar Land/Baytown metropolitan area, the sixth-largest metropolitan area in the U.S. with a population of around 5.6 million.

Map of Highway 59 North and Northpark Drive, Kingwood, TX 77339 (Harris County)

Research for Highway 59 North and Northpark Drive, Kingwood, TX 77339 (Harris County)

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