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Whataburger | 8+ Yrs Corp Abs NNN 1709 W 7th Ave 3,617 SF Retail Building Corsicana, TX 75110 $6,108,875 CAD ($1,688.93 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Excellent Visibility & Access | Navarro College (3,100+ Students) | 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
• 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
3,617 SF
Year Built
1983
Price
$6,108,875 CAD
Price Per SF
$1,688.93 CAD
Cap Rate
5.75%
NOI
$351,277 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
GR - General Retail District
Parking
53 Spaces (14.65 Spaces per 1,000 SF Leased)
Frontage
125’ on 7Th Ave
Amenities
- Pylon Sign
- Signage
- Drive Thru
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
- -
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 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $737,431 CAD | |
| Land Assessment | $572,860 CAD | Total Assessment | $1,310,291 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$572,860 CAD
Improvements Assessment
$737,431 CAD
Total Assessment
$1,310,291 CAD
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
1 of 5
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Whataburger | 8+ Yrs Corp Abs NNN | 1709 W 7th Ave
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