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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

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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

Opportunity to acquire a fee simple interest in the recently redeveloped Whataburger located at 1863 Main Street, Madison, MS 39110 (the “Property”). The Property is on the hard corner of the main intersection of the primary commercial corridor in Madison, arguably one of the best commercial sites in the state. It includes a 2,810-square-foot building with double drive-thru lanes on a 0.90-acre parcel of land, out-positioning the adjacent high-volume Chick-fil-A that is "one-off" the corner.
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.

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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

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,810 SF

Building Class

Year Built/Renovated

2003/2024

Price

$3,818,000

Price Per SF

$1,358.72

Cap Rate

5.50%

NOI

$210,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

0.90 AC

Zoning

C - Commercial

Parking

25 Spaces (8.9 Spaces per 1,000 SF Leased)

Frontage

79’ on Main St

Corner Lot

Signage

Signalized Intersection

Drive Thru

Major Tenants

Accommodation and Food Services
2,810 SF
$74.73
Triple Net
Mar 2039

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.