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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
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
• 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
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Whataburger is a quick-service restaurant company specializing in hamburgers and related menu items. The company was founded in 1950 by Harmon Dobson and Paul Burton, with its first restaurant opening in Corpus Christi, Texas. Whataburger expanded steadily throughout Texas and the southern United States, developing a regional footprint supported by both company-operated and franchised locations. The company relocated its headquarters to San Antonio, Texas to support broader operational and geographic growth. For much of its history, Whataburger remained family owned by the Dobson family. In 2019, a majority ownership stake was acquired by BDT & MSD Partners, while the Dobson family retained a minority interest and ongoing board involvement. The company continues to operate as a private enterprise and is not publicly traded. Whataburger’s operations focus on standardized restaurant formats, centralized supply chain management, and company-directed real estate development for new locations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 73436 | Improvements Assessment | $615,348 |
| Land Assessment | $542,430 | Total Assessment | $1,157,778 |
Property Taxes
Contacts
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Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
Presented by
Whataburger | 8+yrs Remain Corp Abs NNN | 1010 Wildcat Dr
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