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Whataburger | Walmart Outparcel (2.3M vis/yr) 2686 Hamilton Mill Rd 2,984 SF Retail Building Buford, GA 30519 $5,680,479 CAD ($1,903.65 CAD/SF) 5.42% Cap Rate



Executive Summary
• The subject property is an outparcel to a 206,000 square foot shopping center anchored by a Walmart Supercenter that supports over 2.26 million customers annually
• This Whataburger has a drive thru and is open 24 hours.
• Surrounding retailers within a 1 mile radius include Publix, Home Depot, Kroger, and more.
• 700 Luxury apartments and about 10,000 square feet of retail space is proposed on 39 Acres adjacent to this Whataburger.
• Newly constructed Seckinger High School is adjacent to this property. The campus sits on 85 acres and has 2,800 students enrolled.
SIGNALIZED INTERSECTION (47,800 VPD) & DIRECTLY OFF INTERSTATE 85 (90,500 VPD)
• Whataburger is positioned at the signalized intersection of Hamilton Mill Rd and Sardis Church Rd which sees a combined 47,800 vehicles per day.
• Located directly off an Interstate 85 exit that supports 90,500 vehicles per day.
AFFLUENT NORTH ATLANTA SUBURB | 5 MILE POPULATION: 131,268 & AVG HHI: $130,991
• Buford is an affluent and growing suburb about 35 miles northeast of downtown Atlanta.
• The 5 mile population from the subject property is 131,268 with a projected growth rate of 6.81% from 2024-2029. The 5 mile population experienced a 28.50% increase from 2010-2020.
• The average household income within a 5 mile radius is $130,991 and is expected to increase to $144,426 by 2029.
• Buford is located in Gwinnett County which is the fastest growing county in the state with over 1 million residents.
• Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, and more.
• Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 108 million passengers per year.
NEW 15 YEAR NNN CORPORATE WHATABURGER GROUND LEASE
• Whataburger signed a 15 year NNN corporate guaranteed ground lease that commenced in June of 2025.
• There are 100% no landlord responsibilities and the tenant is responsible for all taxes, insurance, roof, structure, and parking lot.
• The rent increases by 10% every 5 years in the initial lease term and in each of the three, 5 year option periods.
WHATABURGER | 1,157 LOCATIONS ACROSS 17 STATES
• Whataburger was founded in 1950 and is headquartered in San Antonio, TX.
• 1,157 locations across 17 states, has over 51,000 employees, and does over $4.1 billion in System-wide sales annually.
• In 2019, private equity firm BDT Capital Partners, best known for taking ownership of Krispy Kreme and Panera Bread, acquired a majority interest in Whataburger. Since then, Whataburger has worked to grow and its franchised locations into new markets more aggressively, as well as re-design its outlets.
• In 2021, Newsweek ranked Whataburger #2 for “Fast-Food Restaurant Chains” in its annual “America’s Best Customer Service” List.
Property Facts
Amenities
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Whataburger is a quick-service restaurant company specializing in hamburgers and related menu items. The company was founded in 1950 by Harmon Dobson and Paul Burton, with its first restaurant opening in Corpus Christi, Texas. Whataburger expanded steadily throughout Texas and the southern United States, developing a regional footprint supported by both company-operated and franchised locations. The company relocated its headquarters to San Antonio, Texas to support broader operational and geographic growth. For much of its history, Whataburger remained family owned by the Dobson family. In 2019, a majority ownership stake was acquired by BDT & MSD Partners, while the Dobson family retained a minority interest and ongoing board involvement. The company continues to operate as a private enterprise and is not publicly traded. Whataburger’s operations focus on standardized restaurant formats, centralized supply chain management, and company-directed real estate development for new locations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-001-791 | Improvements Assessment | $277,298 CAD |
| Land Assessment | $276,481 CAD | Total Assessment | $553,778 CAD |
Property Taxes
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Whataburger | Walmart Outparcel (2.3M vis/yr) | 2686 Hamilton Mill Rd
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