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Whataburger - Austin TX MSA 12925 State 29 hwy 3,305 SF 4-Star Retail Building Liberty Hill, TX 78642 $4,058,804 CAD ($1,228.08 CAD/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Options To Extend | 10% Rental Increases | 2026 Construction | Drive-Thru Equipped
- Dense Retail Corridor | Proximity To Community Anchors
- Direct Residential Consumer Base | Affluent Demographics
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Strong Frontage On State Hwy 29 (32,900 VPD)
- Austin MSA | Located In The Texas Triangle
Executive Summary
SRS National Net Lease is pleased to present the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased Whataburger investment property located in Liberty Hill, Texas. The tenant recently executed a brand new 15-year lease with three (5-year) renewal options, demonstrating long-term commitment to the site. The lease features 10% rental increases every five years throughout the primary term and at the beginning of each option period, supporting NOI growth and providing a hedge against inflation. The property features brand new 2026 construction with Whataburger’s latest prototype, modern design, and drive-thru infrastructure. The lease is an absolute NNN ground lease with zero landlord responsibilities, making it an ideal management-free investment opportunity for an out-of-state investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,305 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$4,058,804 CAD
Price Per SF
$1,228.08 CAD
Cap Rate
4.50%
NOI
$182,674 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.31 AC
Zoning
C3 - General Commercial/Retail
Parking
37 Spaces (11.2 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R605652 | Improvements Assessment | $0 CAD |
| Land Assessment | $750,356 CAD | Total Assessment | $750,356 CAD |
Property Taxes
Parcel Number
R605652
Land Assessment
$750,356 CAD
Improvements Assessment
$0 CAD
Total Assessment
$750,356 CAD
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Whataburger - Austin TX MSA | 12925 State 29 hwy
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