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Whataburger 9516 N Lamar Blvd 2,648 SF Retail Building Austin, TX 78753 $3,400,000 ($1,283.99/SF) 4.38% Cap Rate
INVESTMENT HIGHLIGHTS
- 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Signalized, Hard-Corner Intersection (44,700 VPD) | Adjacent To H-E-B | Strong National/Credit Tenant Presence
- 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
• 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
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,648 SF
Building Class
B
Year Built
1975
Price
$3,400,000
Price Per SF
$1,283.99
Cap Rate
4.38%
NOI
$148,828
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.72 AC
Parking
40 Spaces (15.11 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 249166 | Improvements Assessment | $514,292 |
| Land Assessment | $628,320 | Total Assessment | $1,142,612 |
PROPERTY TAXES
Parcel Number
249166
Land Assessment
$628,320
Improvements Assessment
$514,292
Total Assessment
$1,142,612
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Whataburger | 9516 N Lamar Blvd
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