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Whataburger - Taft TX 321 Us Highway 181 1,832 SF Retail Building Taft, TX 78390 $2,670,846 CAD ($1,457.89 CAD/SF) 5% Cap Rate
Investment Highlights
- 10+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Located Along Hwy 181 | Nearby National/Credit Tenant |Traft Highschool & Traft Junior Highschool
- Absolute NNN | Fee Simple Ownership
- Demographics in 5-Mile Trade Area
Executive Summary
• The tenant currently has 10+ years remaining on their initial lease term with 3 (5 year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,832 SF
Building Class
C
Year Built
1986
Price
$2,670,846 CAD
Price Per SF
$1,457.89 CAD
Cap Rate
5%
NOI
$133,567 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
22 Spaces (12.01 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 50888 | Improvements Assessment | $502,077 CAD |
| Land Assessment | $9,234 CAD | Total Assessment | $511,311 CAD |
Property Taxes
Parcel Number
50888
Land Assessment
$9,234 CAD
Improvements Assessment
$502,077 CAD
Total Assessment
$511,311 CAD
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger - Taft TX | 321 Us Highway 181
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