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Whataburger 2503 E Hubbard St 3,142 SF Retail Building Mineral Wells, TX 76067 $3,895,000 ($1,239.66/SF) 5.50% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Near Tractor Supply Co. Anchored Center | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Corporate signed lease by Whataburger Restaurants, LLC
• Over 8 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 8 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
Building Size
3,142 SF
Building Class
C
Year Built
1989
Price
$3,895,000
Price Per SF
$1,239.66
Cap Rate
5.50%
NOI
$214,408
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Opportunity Zone
Yes
Parking
34 Spaces (10.82 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
Bike Score®
Very Bikeable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5436 | Improvements Assessment | $576,510 |
| Land Assessment | $263,060 | Total Assessment | $839,570 |
Property Taxes
Parcel Number
5436
Land Assessment
$263,060
Improvements Assessment
$576,510
Total Assessment
$839,570
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
1 of 4
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Whataburger | 2503 E Hubbard St
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