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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
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.
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,810 SF
Building Class
C
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
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 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 | 2,810 SF | $74.73 | Triple Net | Mar 2039 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
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
Parcel Number
072C-07A-003-01-00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$136,834 (2025)
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