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Whataburger 2440 Presidential Pky 3,121 SF Retail Building Midlothian, TX 76065 $2,400,000 ($768.98/SF) 4.64% Cap Rate
Investment Highlights
- 13+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Hard Corner Intersection | Dense Retail Corridor | Methodist Midlothian Medical Center (46 beds)
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in 5-Mile Trade Area | Six-Figure Income
Executive Summary
• The tenant currently has 13+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,121 SF
Building Class
B
Year Built
2006
Price
$2,400,000
Price Per SF
$768.98
Cap Rate
4.64%
NOI
$111,405
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.26 AC
Zoning
Commercial
Parking
43 Spaces (13.78 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
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Whataburger | 2440 Presidential Pky
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