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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

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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

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

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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Whataburger began in 1950 when Harmon Dobson opened the first restaurant in Corpus Christi, Texas, with a goal of serving a burger large enough to require two hands. The company grew from that single stand into a regional quick-service restaurant chain built around made-to-order burgers, breakfast items, chicken sandwiches, fries, shakes, and other menu favorites. Whataburger also extends beyond restaurants through branded grocery products, bringing original recipes into retail food channels. The business is known for its orange-and-white restaurant design, its customizable menu approach, and a broad restaurant network across several states while keeping a strong focus on service and community connection.