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Whataburger | Walmart Outparcel (2.3M vis/yr) 2686 Hamilton Mill Rd 2,984 SF Retail Building Buford, GA 30519 $4,150,000 ($1,390.75/SF) 5.42% Cap Rate

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Executive Summary

OUTPARCEL TO WALMART SUPERCENTER (2.26M ANNUAL CUSTOMERS) DRIVE THRU EQUIPPED & OPEN 24 HOURS
• The subject property is an outparcel to a 206,000 square foot shopping center anchored by a Walmart Supercenter that supports over 2.26 million customers annually
• This Whataburger has a drive thru and is open 24 hours.
• Surrounding retailers within a 1 mile radius include Publix, Home Depot, Kroger, and more.
• 700 Luxury apartments and about 10,000 square feet of retail space is proposed on 39 Acres adjacent to this Whataburger.
• Newly constructed Seckinger High School is adjacent to this property. The campus sits on 85 acres and has 2,800 students enrolled.
SIGNALIZED INTERSECTION (47,800 VPD) & DIRECTLY OFF INTERSTATE 85 (90,500 VPD)
• Whataburger is positioned at the signalized intersection of Hamilton Mill Rd and Sardis Church Rd which sees a combined 47,800 vehicles per day.
• Located directly off an Interstate 85 exit that supports 90,500 vehicles per day.
AFFLUENT NORTH ATLANTA SUBURB | 5 MILE POPULATION: 131,268 & AVG HHI: $130,991
• Buford is an affluent and growing suburb about 35 miles northeast of downtown Atlanta.
• The 5 mile population from the subject property is 131,268 with a projected growth rate of 6.81% from 2024-2029. The 5 mile population experienced a 28.50% increase from 2010-2020.
• The average household income within a 5 mile radius is $130,991 and is expected to increase to $144,426 by 2029.
• Buford is located in Gwinnett County which is the fastest growing county in the state with over 1 million residents.
• Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, and more.
• Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 108 million passengers per year.
NEW 15 YEAR NNN CORPORATE WHATABURGER GROUND LEASE
• Whataburger signed a 15 year NNN corporate guaranteed ground lease that commenced in June of 2025.
• There are 100% no landlord responsibilities and the tenant is responsible for all taxes, insurance, roof, structure, and parking lot.
• The rent increases by 10% every 5 years in the initial lease term and in each of the three, 5 year option periods.
WHATABURGER | 1,157 LOCATIONS ACROSS 17 STATES
• Whataburger was founded in 1950 and is headquartered in San Antonio, TX.
• 1,157 locations across 17 states, has over 51,000 employees, and does over $4.1 billion in System-wide sales annually.
• In 2019, private equity firm BDT Capital Partners, best known for taking ownership of Krispy Kreme and Panera Bread, acquired a majority interest in Whataburger. Since then, Whataburger has worked to grow and its franchised locations into new markets more aggressively, as well as re-design its outlets.
• In 2021, Newsweek ranked Whataburger #2 for “Fast-Food Restaurant Chains” in its annual “America’s Best Customer Service” List.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,984 SF
Building Class
B
Year Built/Renovated
2008/2025
Price
$4,150,000
Price Per SF
$1,390.75
Cap Rate
5.42%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.91 AC
Zoning
C2 - Commercial
Parking
33 Spaces (11.06 Spaces per 1,000 SF Leased)
Frontage
129’ on Hamilton Mill Road

Amenities

  • Restaurant
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Drive Thru
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Whataburger is a regional quick-service restaurant chain specializing in hamburgers and related menu offerings. The company was founded in 1950 by Harmon Dobson and Paul Burton, with the first location opening in Corpus Christi, Texas. Whataburger established its reputation around made-to-order food and distinctive standalone restaurant designs, including the orange-and-white A-frame buildings introduced in the early 1960s. Today, each and every Whataburger is made to order, right when it’s ordered. And they’re still made with 100 percent pure, never-frozen beef and served on a big toasted five-inch bun with all “the extras” to suit every taste. Grilled jalapeños, extra bacon, three slices of cheese, no tomatoes, extra pickles? No problem. Each Whataburger will be made just like customers like it, 24 hours a day, seven days a week.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -

Nearby Major Retailers

D1 Sports Training
Starbucks
First Citizens Bank
Chili's Grill & Bar
PNC Bank
WNB Factory
Zaxby's
Buffalo's Cafe
Truist
Orangetheory Fitness

Property Taxes

Property Taxes

Parcel Number
1-001-791
Land Assessment
$203,120
Improvements Assessment
$203,720
Total Assessment
$406,840
  • Listing ID: 38491347

  • Date on Market: 11/18/2025

  • Last Updated:

  • Address: 2686 Hamilton Mill Rd, Buford, GA 30519

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