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Whataburger 4530 Highway 6 2,617 SF Retail Building Sugar Land, TX 77478 $5,100,000 ($1,948.80/SF) 4.96% Cap Rate
Investment Highlights
- Over 11 Years Remaining | Options To Extend | Scheduled Rental Increases
- First Colony Marketplace | Riverstone Shopping Center |Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant has over 11 years remaining on its lease with 3 (5-year) options to extend
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term 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
2,617 SF
Building Class
C
Year Built
1993
Price
$5,100,000
Price Per SF
$1,948.80
Cap Rate
4.96%
NOI
$252,747
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.74 AC
Zoning
B-2
Parking
28 Spaces (10.7 Spaces per 1,000 SF Leased)
Frontage
943’ on Tx-6 Hwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4762-02-000-0022-907 | Improvements Assessment | $442,105 |
| Land Assessment | $464,749 | Total Assessment | $906,854 |
Property Taxes
Parcel Number
4762-02-000-0022-907
Land Assessment
$464,749
Improvements Assessment
$442,105
Total Assessment
$906,854
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Whataburger | 4530 Highway 6
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