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Whataburger | 8+yrs Remain Corp Abs NNN 1110 W US Highway 77 3,051 SF Retail Building San Benito, TX 78586 $8,484,146 CAD ($2,780.78 CAD/SF) 6.25% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options To Extend |Scheduled Rental Increases
- Outparcel to Walmart Supercenter | Along U.S. 77 | Interstate 69E | Dense Retail Corridor | Nearby Schools & Apartment
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• Corporate signed lease by Whataburger Restaurants, LLC
• Over 8 years remaining with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• Over 8 years remaining with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years 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
3,051 SF
Building Class
C
Year Built
2001
Price
$8,484,146 CAD
Price Per SF
$2,780.78 CAD
Cap Rate
6.25%
NOI
$530,112 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Zoning
C-2 - Commercial General Retail
Parking
39 Spaces (12.78 Spaces per 1,000 SF Leased)
Frontage
30’ on West Business 77
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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
-
Jan 0000
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 | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 608140-0080-001200 | Improvements Assessment | $1,001,004 CAD |
| Land Assessment | $228,848 CAD | Total Assessment | $1,229,852 CAD |
Property Taxes
Parcel Number
608140-0080-001200
Land Assessment
$228,848 CAD
Improvements Assessment
$1,001,004 CAD
Total Assessment
$1,229,852 CAD
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger | 8+yrs Remain Corp Abs NNN | 1110 W US Highway 77
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