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Whataburger - Mission TX 801 E 9th St 3,060 SF Retail Building Mission, TX 78572 $3,856,669 CAD ($1,260.35 CAD/SF) 5% Cap Rate
Investment Highlights
- 8+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Signalized, Hard Corner Intersection | Interstate 85 | Mission High School | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in the Immediate Trade Area
Executive Summary
• The tenant currently has 8+ years remaining on their initial lease 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
3,060 SF
Building Class
C
Year Built
1979
Price
$3,856,669 CAD
Price Per SF
$1,260.35 CAD
Cap Rate
5%
NOI
$192,850 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.65 AC
Zoning
C-3 - General Business District
Parking
28 Spaces (9.15 Spaces per 1,000 SF Leased)
Frontage
67’ on BUS HWY
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | W8100-00-00H-0009-00 | Improvements Assessment | $312,983 CAD |
| Land Assessment | $308,219 CAD | Total Assessment | $621,202 CAD |
Property Taxes
Parcel Number
W8100-00-00H-0009-00
Land Assessment
$308,219 CAD
Improvements Assessment
$312,983 CAD
Total Assessment
$621,202 CAD
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger - Mission TX | 801 E 9th St
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