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Whataburger 444 W Little York Rd 3,425 SF Retail Building Houston, TX 77076 $6,137,632 CAD ($1,792.01 CAD/SF) 5.51% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Outparcel to Food Town Anchored Center | I-45 (215,700 VPD)
- 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
3,425 SF
Building Class
C
Year Built/Renovated
1975/2008
Price
$6,137,632 CAD
Price Per SF
$1,792.01 CAD
Cap Rate
5.51%
NOI
$337,989 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.31 AC
Parking
7 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
41’ on Little York Rd
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0222430000061 | Improvements Assessment | $795,036 CAD |
| Land Assessment | $362,323 CAD | Total Assessment | $1,157,359 CAD |
Property Taxes
Parcel Number
0222430000061
Land Assessment
$362,323 CAD
Improvements Assessment
$795,036 CAD
Total Assessment
$1,157,359 CAD
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger | 444 W Little York Rd
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