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Whataburger 444 W Little York Rd 3,425 SF Retail Building Houston, TX 77076 $4,550,000 ($1,328.47/SF) 5.51% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Outparcel to Food Town Anchored Center | I-45 (215,700 VPD)
- 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
3,425 SF
Building Class
C
Year Built/Renovated
1975/2008
Price
$4,550,000
Price Per SF
$1,328.47
Cap Rate
5.51%
NOI
$250,561
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.31 AC
Parking
7 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
41’ on Little York Rd
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0222430000061 | Improvements Assessment | $589,383 |
| Land Assessment | $268,600 | Total Assessment | $857,983 |
Property Taxes
Parcel Number
0222430000061
Land Assessment
$268,600
Improvements Assessment
$589,383
Total Assessment
$857,983
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger | 444 W Little York Rd
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