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Whataburger - Ground Lease 3929 Southwest Fwy 3,305 SF Retail Building Houston, TX 77027 $6,818,000 ($2,062.93/SF) 4.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Relocation of an adjacent, established high-performing unit to a larger site size allowing double drive thru, between River Oaks and West University
- Whataburger is the 4th highest grossing QSR in the nation and is ranked #25 of fast-food restaurants in the US.
EXECUTIVE SUMMARY
PLEASE EXECUTE AND RETURN THE CONFIDENTIALITY AGREEMENT TO RECEIVE OM.
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground lease interest in the Whataburger located at 3929 Southwest Freeway, Houston, Texas (“Property” or “Asset”). Whataburger is operating on anew absolute NNN ground lease with zero landlord responsibilities,15 years of primary lease term, 10% rent escalations every 5 years in the primary term and in the three, five-year renewal options.
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground lease interest in the Whataburger located at 3929 Southwest Freeway, Houston, Texas (“Property” or “Asset”). Whataburger is operating on anew absolute NNN ground lease with zero landlord responsibilities,15 years of primary lease term, 10% rent escalations every 5 years in the primary term and in the three, five-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
3,305 SF
Building Class
C
Year Built
2025
Price
$6,818,000
Price Per SF
$2,062.93
Cap Rate
4.40%
NOI
$299,992
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.02 AC
Zoning
C-2 - Commercial
Frontage
244’ on South West
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1155390000020 | Improvements Assessment | $437,321 |
| Land Assessment | $3,348,675 | Total Assessment | $3,785,996 |
PROPERTY TAXES
Parcel Number
1155390000020
Land Assessment
$3,348,675
Improvements Assessment
$437,321
Total Assessment
$3,785,996
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Whataburger - Ground Lease | 3929 Southwest Fwy
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