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Whataburger | 8+ Yr Corp Abs NNN Lease 4646 W Commerce St 2,758 SF Retail Building San Antonio, TX 78237 $8,289,000 ($3,005.44/SF) 6% Cap Rate

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Investment Highlights

8+ Years Remaining | Options To Extend | Scheduled Rental Increases
Signalized, Hard Corner Intersection | Crosstowne Mercado

Absolute NNN | Fee Simple Ownership
Strong Demographics In 5-Mile Trade Area

Executive Summary

• The tenant has over 8 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
• This Whataburger location ranks in the 95th percentile across all measured Whataburgers for annual visits per Placer.ai

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,758 SF

Building Class

Year Built/Renovated

1976/2006

Price

$8,289,000

Price Per SF

$3,005.44

Cap Rate

NOI

$497,340

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

0.61 AC

Zoning

C-3R

Parking

27 Spaces (9.79 Spaces per 1,000 SF Leased)

Frontage

205’ on General McMullen

Bus Line
Corner Lot

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Accommodation and Food Services
99,999 SF
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Lorem Ipsum
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On Aug. 8, 1950, an adventurous and determined entrepreneur named Harmon Dobson opened up the world’s first Whataburger on Ayers Street in Corpus Christi, Texas. The company had a simple goal: to serve a burger so big it took two hands to hold and so good that after one bite customers would say, “What a burger!” They succeeded on both counts and turned that one little burger stand into a legend loved throughout Texas and the South. 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.