Log In/Sign Up
Your email has been sent.
Whataburger | 8+ Yrs Corp Abs NNN 1709 W 7th Ave 3,617 SF Retail Building Corsicana, TX 75110 $4,315,000 ($1,192.98/SF) 5.75% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Excellent Visibility & Access | Navarro College (3,100+ Students) | Dense Retail Corridor
- 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
3,617 SF
Year Built
1983
Price
$4,315,000
Price Per SF
$1,192.98
Cap Rate
5.75%
NOI
$248,124
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
GR - General Retail District
Parking
53 Spaces (14.65 Spaces per 1,000 SF Leased)
Frontage
125’ on 7Th Ave
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
Whataburger began in 1950 as a hamburger stand in Corpus Christi, Texas, and grew into a regional restaurant chain with roots in Texas and a broad presence across the southern United States. The company focuses on made-to-order burgers, breakfast items, chicken sandwiches, fries, shakes, and other customizable menu items, with many restaurants offering around-the-clock service. Whataburger also extends the brand beyond restaurants through grocery products and an official online store that sells branded merchandise and food items.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $523,060 | |
| Land Assessment | $406,330 | Total Assessment | $929,390 |
Property Taxes
Parcel Numbers
Land Assessment
$406,330
Improvements Assessment
$523,060
Total Assessment
$929,390
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Whataburger | 8+ Yrs Corp Abs NNN | 1709 W 7th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.