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Whataburger | 9+yrs Remain Corp Abs NNN 2159 Highway 36 S 3,938 SF Retail Building Sealy, TX 77474 $6,705,000 ($1,702.64/SF) 6.20% Cap Rate
Investment Highlights
- 9+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Across Brazos Village Shopping Center | Meyer St (24,000 VPD) |Frontage Visibility | Strong National/Credit Retailers Nearby
- Absolute NNN | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Corporate signed lease by Whataburger Restaurants, LLC
• 9+ years remaining with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and providing a hedge against inflation
• 9+ years remaining with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and providing a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,938 SF
Building Class
C
Year Built
2016
Price
$6,705,000
Price Per SF
$1,702.64
Cap Rate
6.20%
NOI
$415,794
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.96 AC
Zoning
GC
Parking
51 Spaces (12.95 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- 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
-
Jan 0000
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 | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R000020324 | Improvements Assessment | $696,842 |
| Land Assessment | $490,455 | Total Assessment | $1,187,297 |
Property Taxes
Parcel Number
R000020324
Land Assessment
$490,455
Improvements Assessment
$696,842
Total Assessment
$1,187,297
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger | 9+yrs Remain Corp Abs NNN | 2159 Highway 36 S
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