Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

924 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Whataburger | 8+yrs Remain Corp Abs NNN 1702 19th St 2,229 SF Retail Building Lubbock, TX 79401 $4,083,922 CAD ($1,832.18 CAD/SF) 5.05% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

8+ Years Remaining | Options To Extend | Scheduled Rental Increases
Near Texas Tech University (40,000+ Students) | Hard Corner Signalized Intersection | Dense Retail Corridor

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

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,229 SF

Building Class

Year Built/Renovated

1979/2010

Price

$4,083,922 CAD

Price Per SF

$1,832.18 CAD

Cap Rate

5.05%

NOI

$206,199 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

0.77 AC

Zoning

General (MU-3)

Parking

18 Spaces (8.08 Spaces per 1,000 SF Leased)

Frontage

110’ on 19th St

Dedicated Turn Lane
Restaurant

Signage
Signalized Intersection

Drive Thru

Monument Signage

Accommodation and Food Services
99,999 SF
-
Lorem Ipsum
Jan 0000

Whataburger is a regional quick-service restaurant chain specializing in hamburgers and related menu offerings. The company was founded in 1950 by Harmon Dobson and Paul Burton, with the first location opening in Corpus Christi, Texas. Whataburger established its reputation around made-to-order food and distinctive standalone restaurant designs, including the orange-and-white A-frame buildings introduced in the early 1960s. Today, each and every Whataburger is made to order, right when it’s ordered. And they’re still made with 100 percent pure, never-frozen beef and served on a big toasted five-inch bun with all “the extras” to suit every taste. Grilled jalapeños, extra bacon, three slices of cheese, no tomatoes, extra pickles? No problem. Each Whataburger will be made just like customers like it, 24 hours a day, seven days a week.