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Whataburger Ground Lease 489 Dr Calvin Jones Hwy 3,505 SF Retail Building Wake Forest, NC 27587 $5,927,550 CAD ($1,691.17 CAD/SF) 4.65% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2026 construction | Absolute net ground lease | No landlord responsibilities
- Corporate lease | Whataburger Restaurants, LLC | 1,100 locations across 17 states
- Explosive population growth within 1-mile | 75.12% from ’10-‘25
- Desirable lease term | New 15-year term
- Strategic Location | Property is located directly across from Wegmans and adjacent to a new retail development
- Affluent surrounding area | $137,312 average household income within a 1-mile radius
EXECUTIVE SUMMARY
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale the Whataburger Ground Lease in Wake Forest, NC | Raleigh MSA. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Building Size
3,505 SF
Year Built
2026
Price
$5,927,550 CAD
Price Per SF
$1,691.17 CAD
Cap Rate
4.65%
NOI
$275,700 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.08 AC
Zoning
Commercial
Parking
35 Spaces (9.99 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Whataburger
- Retailer
- 3,505 SF
- -
- Triple Net
- Dec 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Whataburger | Retailer | 3,505 SF | - | Triple Net | Dec 2040 |
NEARBY MAJOR RETAILERS
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Whataburger Ground Lease | 489 Dr Calvin Jones Hwy
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