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Whataburger | 8+ Yr Corp Abs NNN Lease 4646 W Commerce St 2,758 SF Retail Building San Antonio, TX 78237 $7,960,000 ($2,886.15/SF) 6.25% Cap Rate
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
• 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
Building Size
2,758 SF
Building Class
C
Year Built/Renovated
1994/2006
Price
$7,960,000
Price Per SF
$2,886.15
Cap Rate
6.25%
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
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
Whataburger began in 1950 as a hamburger stand in Corpus Christi, Texas, and grew into a regional restaurant chain with roots in Texas and a broad presence across the southern United States. The company focuses on made-to-order burgers, breakfast items, chicken sandwiches, fries, shakes, and other customizable menu items, with many restaurants offering around-the-clock service. Whataburger also extends the brand beyond restaurants through grocery products and an official online store that sells branded merchandise and food items.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08204-001-0010 | Improvements Assessment | $391,818 |
| Land Assessment | $963,580 | Total Assessment | $1,355,398 |
Property Taxes
Parcel Number
08204-001-0010
Land Assessment
$963,580
Improvements Assessment
$391,818
Total Assessment
$1,355,398
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger | 8+ Yr Corp Abs NNN Lease | 4646 W Commerce St
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