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Whataburger 6405 San Felipe Dr 2,832 SF Retail Building Houston, TX 77057 $7,534,080 CAD ($2,660.34 CAD/SF) 5.42% Cap Rate
INVESTMENT HIGHLIGHTS
- 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Tanglewood Court | Westheimer Crossing | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Extremely Dense 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
2,832 SF
Building Class
B
Year Built/Renovated
1974/2008
Price
$7,534,080 CAD
Price Per SF
$2,660.34 CAD
Cap Rate
5.42%
NOI
$408,265 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.52 AC
Parking
28 Spaces (9.89 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1010060000003 | Improvements Assessment | $674,962 CAD |
| Land Assessment | $952,340 CAD | Total Assessment | $1,627,302 CAD |
PROPERTY TAXES
Parcel Number
1010060000003
Land Assessment
$952,340 CAD
Improvements Assessment
$674,962 CAD
Total Assessment
$1,627,302 CAD
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Whataburger | 6405 San Felipe Dr
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