803 W Princeton Dr
Princeton, TX 75407
Whataburger #1121 · Retail Property For Sale

Whataburger | 15-Yr Corp GL | Walmart Outparcel Whataburger Restaurants, L.P. is a privately held, national restaurant chain specializing in hamburgers. The company, founded by Harmon Dobson, opened its first restaurant in Corpus Christi, Texas in 1950 and is now headquartered in San Antonio, TX. The company began expansion outside of Texas in 1959 when its 21st store opened in Pensacola, FL. In 1963 Whataburger expanded its footprint into Arizona and had 205 locations in 12 states by 1977. In the late 1980s Whataburger altered its growth strategy by increasing store numbers in states where it was already well established. Today, Whataburger Restaurants, LP is still owned and operated by the Dobson family and has 805+ locations in ten states (Texas, Arizona, New Mexico, Oklahoma, Louisiana, Arkansas, Mississippi, Alabama, Georgia, and Florida). Whataburger has had sustained revenue growth over the last decade and currently brings in approximately $1.8 Billion dollars in U.S. system wide sales (FY' 14). Enhanced store productivity has been one of the company' s key strengths during the late 2000' s recession. Whataburger is strategically located along Highway 380 (27,000 VPD) at its intersection with Beauchamp Blvd. in the growing suburb of Princeton, TX. Princeton is a northeast suburb of Dallas located in Collin County, the fastest growing county in Texas. Highway 380 is a major east/west artery that connects several suburban developments on the north side of Dallas/Fort Worth, including Princeton, McKinney, Frisco, and Denton. Beauchamp Blvd. will connect the property to numerous new residential developments, including Whitewing Trails, a new 2,800 home community just north of the site. Explosive housing growth from numerous master-planned communities (over 5,300 homes proposed or in development) in the trade area is attracting an impressive roster of national retail brands in the immediate vicinity of Whataburger. The subject property is surrounded by notable retail tenants including Walmart (Large Format 190,000 SF Super Center), AT&T, Burger King, McDonalds, CVS, Taco Bell, Sonic, with additional developments underway expected to bring Chick-fil-A, Panda Express and others.