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Whataburger 1863 Main St 2,810 SF Retail Building Madison, MS 39110 $3,818,000 ($1,358.72/SF) 5.50% Cap Rate
Investment Highlights
- 2024 Redevelopment & Covered Double Drive-Thru with Digital Menu Boards
- City of Madison – Growing & Highly Recognized | Ranked #1 in several categories including income, safety and lifestyle
- Front Row to Area's Main Retail Corridor | Shares access with Lowe's | Signalized, hard corner of Main Street, 1,000' from I-55 exit
- Absolute NNN Lease | 13 years remaining and three, five-year options with 7% rent increases | Zero landlord responsibilities
- 15-Min Drive: New Amazon data center campuses (largest capital investment in state's history) | $500 million transformation of Nissan North America
- Walmart Shadow property | 10-min drive to Barnett Reservoir (2.5 million annual visitors) and Natchez Trace Parkway (7.9 million annual visitors)
Executive Summary
Madison is widely considered to be the most desirable city in the state, known for its strict architectural standards, extremely high household income, and robust residential and commercial growth. Retailers from around the country have gone to great lengths to open in Madison, even dramatically modifying their prototype images to gain entry.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$210,000
|
$74.73
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $210,000 |
| Annual Per SF | $74.73 |
Property Facts
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,810 SF
- $74.73
- Triple Net
- Mar 2039
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 | 2,810 SF | $74.73 | Triple Net | Mar 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 072C-07A-003-01-00 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $136,834 (2025) |
Property Taxes
Presented by
Whataburger | 1863 Main St
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