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Whataburger | 8+yrs Remain Corp Abs NNN 1010 Wildcat Dr 2,798 SF Retail Building Portland, TX 78374 $7,295,000 ($2,607.22/SF) 6.25% 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

$7,295,000

Price Per SF

$2,607.22

Cap Rate

6.25%

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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Whataburger began in 1950 when Harmon Dobson opened the first restaurant in Corpus Christi, Texas, with a goal of serving a burger large enough to require two hands. The company grew from that single stand into a regional quick-service restaurant chain built around made-to-order burgers, breakfast items, chicken sandwiches, fries, shakes, and other menu favorites. Whataburger also extends beyond restaurants through branded grocery products, bringing original recipes into retail food channels. The business is known for its orange-and-white restaurant design, its customizable menu approach, and a broad restaurant network across several states while keeping a strong focus on service and community connection.