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Whataburger | New 15yr Ground Lease w/ Incrs 1632 Broadway St 3,305 SF Retail Building Pearland, TX 77581 $5,484,575 CAD ($1,659.48 CAD/SF) 4.56% Cap Rate
INVESTMENT HIGHLIGHTS
- New, 15-Year Low Rent Ground Lease | Options To Extend | Scheduled Rental Increases | Strong Intrinsics | Tenant Building Improvements At Tenant Expe
- Outparcel To Walmart Supercenter | High Traffic Intersection |Dense Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Whataburger Corporate signed lease
• New, 15-year lease with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The property’s location, newly constructed improvements, and favorable lease terms contribute to the asset’s strong intrinsic value
• Tenant undertook the construction of the improvements at their sole expense, highlighting their commitment to the site
• New, 15-year lease with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The property’s location, newly constructed improvements, and favorable lease terms contribute to the asset’s strong intrinsic value
• Tenant undertook the construction of the improvements at their sole expense, highlighting their commitment to the site
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,305 SF
Building Class
B
Year Built
2025
Price
$5,484,575 CAD
Price Per SF
$1,659.48 CAD
Cap Rate
4.56%
NOI
$250,363 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.71 AC
AMENITIES
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Whataburger
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Whataburger | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4112-0001-001 | Improvements Assessment | $1,444,471 CAD |
| Land Assessment | $997,740 CAD | Total Assessment | $2,442,211 CAD |
PROPERTY TAXES
Parcel Number
4112-0001-001
Land Assessment
$997,740 CAD
Improvements Assessment
$1,444,471 CAD
Total Assessment
$2,442,211 CAD
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Whataburger | New 15yr Ground Lease w/ Incrs | 1632 Broadway St
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