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Whataburger | 8+yrs Remain Corp Abs NNN 1010 Wildcat Dr 2,798 SF Retail Building Portland, TX 78374 $7,595,000 ($2,714.44/SF) 6% Cap Rate

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Investment Highlights

8+ Years Remaining | Options To Extend | Scheduled Rental Increases
Signalized, Hard Corner Intersection | Walmart Supercenter Anchored Center | Dense Retail Corridor

Absolute NNN | Fee Simple Ownership
Strong Demographics In 5-Mile Trade Area

Executive Summary

• Corporate signed lease by Whataburger Restaurants, LLC
• 8+ years remaining with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

2,798 SF

Building Class

Year Built

1971

Price

$7,595,000

Price Per SF

$2,714.44

Cap Rate

NOI

$455,859

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

1.06 AC

Zoning

CG - General Commercial District

Parking

42 Spaces (15.01 Spaces per 1,000 SF Leased)

Frontage

151’ on Wildcat Drive

Corner Lot
Dedicated Turn Lane

Pylon Sign
Restaurant

Signalized Intersection

Drive Thru

Accommodation and Food Services
99,999 SF
-
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Jan 0000

On Aug. 8, 1950, an adventurous and determined entrepreneur named Harmon Dobson opened up the world’s first Whataburger on Ayers Street in Corpus Christi, Texas. The company had a simple goal: to serve a burger so big it took two hands to hold and so good that after one bite customers would say, “What a burger!” They succeeded on both counts and turned that one little burger stand into a legend loved throughout Texas and the South. Today, each and every Whataburger is made to order, right when it’s ordered. And they’re still made with 100 percent pure, never-frozen beef and served on a big toasted five-inch bun with all “the extras” to suit every taste. Grilled jalapeños, extra bacon, three slices of cheese, no tomatoes, extra pickles? No problem. Each Whataburger will be made just like customers like it, 24 hours a day, seven days a week.