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203 E Pleasant Run Rd
DeSoto, TX 75115
Whataburger - DeSoto TX · Retail Property For Sale
Investment Highlights
- 9+ Years Remaining | Options to Extend |Scheduled Rental Increases
- Signalized, Hard-Corner Intersection (43,600 VPD) | Retail Corridor | Strong National/Credit Retail Presence
- Absolute NNN | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Corporate signed lease by Whataburger Restaurants, LLC
• Over 9 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 9 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
Fast Food
Building Size
2,496 SF
Building Class
C
Year Built
1983
Price
$2,186,000
Price Per SF
$875.80
Cap Rate
4.75%
NOI
$103,858
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.52 AC
Zoning
PD - Planned Development
Parking
20 Spaces (8.01 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 200297000A0030000 | Improvements Assessment | $171,460 |
| Land Assessment | $123,860 | Total Assessment | $295,320 |
Property Taxes
Parcel Number
200297000A0030000
Land Assessment
$123,860
Improvements Assessment
$171,460
Total Assessment
$295,320
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