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Whataburger 1863 Main St 2,810 SF Retail Building Madison, MS 39110 $5,261,738 CAD ($1,872.50 CAD/SF) 5.50% Cap Rate
Investment Highlights
- 2024 Redevelopment & Covered Double Drive-Thru with Digital Menu Boards
- City of Madison – Growing & Highly Recognized | Ranked #1 in several categories including income, safety and lifestyle
- Front Row to Area's Main Retail Corridor | Shares access with Lowe's | Signalized, hard corner of Main Street, 1,000' from I-55 exit
- Absolute NNN Lease | 13 years remaining and three, five-year options with 7% rent increases | Zero landlord responsibilities
- 15-Min Drive: New Amazon data center campuses (largest capital investment in state's history) | $500 million transformation of Nissan North America
- Walmart Shadow property | 10-min drive to Barnett Reservoir (2.5 million annual visitors) and Natchez Trace Parkway (7.9 million annual visitors)
Executive Summary
Madison is widely considered to be the most desirable city in the state, known for its strict architectural standards, extremely high household income, and robust residential and commercial growth. Retailers from around the country have gone to great lengths to open in Madison, even dramatically modifying their prototype images to gain entry.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$289,409
|
$102.99
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $289,409 |
| Annual Per SF | $102.99 |
Property Facts
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,810 SF
- $102.99 CAD
- Triple Net
- Mar 2039
Le 8 août 1950, un entrepreneur aventureux et déterminé nommé Harmon Dobson ouvre le premier Whataburger au monde sur la rue Ayers à Corpus Christi, au Texas. L'entreprise avait un objectif simple : servir un hamburger si gros qu'il fallait deux mains pour le tenir et si bon qu'après une bouchée, les clients diraient : « Quel hamburger ! Ils réussissent sur les deux plans et font de ce petit hamburger une légende appréciée dans tout le Texas et le Sud. Aujourd'hui, chaque Whataburger est fabriqué sur commande, au moment même où il est commandé. Et ils sont toujours faits avec du bœuf 100% pur et jamais congelé et servis sur un gros pain grillé de cinq pouces avec tous les « extras » à votre goût. Jalapeños grillés, bacon supplémentaire, trois tranches de fromage, pas de tomates, des cornichons supplémentaires ? Aucun problème. Votre Whataburger sera fabriqué comme vous l'aimez, 24 heures sur 24, sept jours sur sept.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,810 SF | $102.99 CAD | Triple Net | Mar 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 072C-07A-003-01-00 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $187,536 CAD (2025) |
Property Taxes
Presented by
Whataburger | 1863 Main St
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