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Whataburger - DeSoto TX 203 E Pleasant Run Rd 2,496 SF Retail Building DeSoto, TX 75115 $3,006,624 CAD ($1,204.58 CAD/SF) 4.75% Cap Rate
Investment Highlights
- 9+ Years Remaining | Options to Extend |Scheduled Rental Increases
- Signalized, Hard-Corner Intersection (43,600 VPD) | Retail Corridor | Strong National/Credit Retail Presence
- Absolute NNN | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Corporate signed lease by Whataburger Restaurants, LLC
• Over 9 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 9 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
2,496 SF
Building Class
C
Year Built
1983
Price
$3,006,624 CAD
Price Per SF
$1,204.58 CAD
Cap Rate
4.75%
NOI
$142,846 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.52 AC
Zoning
PD - Planned Development
Parking
20 Spaces (8.01 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 200297000A0030000 | Improvements Assessment | $235,325 CAD |
| Land Assessment | $169,995 CAD | Total Assessment | $405,321 CAD |
Property Taxes
Parcel Number
200297000A0030000
Land Assessment
$169,995 CAD
Improvements Assessment
$235,325 CAD
Total Assessment
$405,321 CAD
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger - DeSoto TX | 203 E Pleasant Run Rd
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