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489 Dr Calvin Jones Hwy
Wake Forest, NC 27587
Whataburger Ground Lease · Retail Property For Sale
Investment Highlights
- Absolute net ground lease | No landlord responsibilities
- Strategic Location | Property is located directly across from Wegmans and adjacent to a new retail development
- Located inside of dense retail corridor | 3.8M SF within a 2-mile radius
- Corporate lease | Whataburger Restaurants, LLC | 1,100 locations across 17 states
- Great visibility from Dr. Calvin Jones Hwy | 31,000 VPD
- Affluent surrounding area | $137,312 average household income within a 1-mile radius
Executive Summary
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Whataburger Ground Lease in Wake Forest, NC. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,505 SF
Building Class
A
LoopNet Rating
5 Star
Year Built
2026
Price
$4,000,000
Price Per SF
$1,141.23
Cap Rate
5%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.08 AC
Zoning
Commercial
Parking
35 Spaces (9.99 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1830.12-76-7787-000 | Improvements Assessment | $0 |
| Land Assessment | $451,784 | Total Assessment | $451,784 |
Property Taxes
Parcel Number
1830.12-76-7787-000
Land Assessment
$451,784
Improvements Assessment
$0
Total Assessment
$451,784
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