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Whataburger | 8+yrs Remain Corp Abs NNN 1110 W US Highway 77 3,051 SF Retail Building San Benito, TX 78586 $6,065,000 ($1,987.87/SF) 6.25% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options To Extend |Scheduled Rental Increases
- Outparcel to Walmart Supercenter | Along U.S. 77 | Interstate 69E | Dense Retail Corridor | Nearby Schools & Apartment
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• Corporate signed lease by Whataburger Restaurants, LLC
• Over 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
• Over 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
Building Size
3,051 SF
Building Class
C
Year Built
2001
Price
$6,065,000
Price Per SF
$1,987.87
Cap Rate
6.25%
NOI
$378,957
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Zoning
C-2 - Commercial General Retail
Parking
39 Spaces (12.78 Spaces per 1,000 SF Leased)
Frontage
30’ on West Business 77
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Whataburger
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Whataburger | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 608140-0080-001200 | Improvements Assessment | $726,344 |
| Land Assessment | $166,056 | Total Assessment | $892,400 |
Property Taxes
Parcel Number
608140-0080-001200
Land Assessment
$166,056
Improvements Assessment
$726,344
Total Assessment
$892,400
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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