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Restaurant

Whataburger Ground Lease

13730 N Sarival Ave, Surprise, AZ 85388

Listing Price: $2,824,000

Cap Rate
4.25%
Tenant Name
Whataburger Restaurants LLC
Years Remaining On Lease
13.8
Gross SF
3,571
Guarantor
Corporate Guarantee
Rentable SF
3,571
Price/Gross SF
$790.81
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.60

Investment Overview

Marcus & Millichap is pleased to present for sale Whataburger in Surprise, Arizona. Whataburger is a privately-held, American regional fast food restaurant chain headquartered and based in San Antonio, Texas. Whataburger is family owned and operated with over 43,000 employees and more than 800 locations across Arizona, Arkansas, Alabama, Florida, Georgia, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Surprise, Arizona is located just 28 miles Northwest of Downtown Phoenix. The City of Surprise sits at the foot of the White Tank Mountains and is currently home to over 100,000 residents. The City of Surprise offers an assortment of amenities. Located in the center of Surprise is the Surprise stadium. The stadium hosts spring training games for the Texas Rangers and the Kansas City Royals.

Investment Highlights

  • 14 Years Remaining on Absolute Triple-Net Ground Lease - Double Drive Thru Location.
  • 10 Percent Rental Increases Every Five Years.
  • 176,644 Residents within Five-Miles in Growing Surprise Trade Area - Households and Population Projected to Increase Over 12 Percent in the Immediate Area by 2027.
  • Adjacent to Village at Prasada (Coming Soon) - Featuring Over 700,000 Square Feet of Shops, a Restaurant Row, and an Entertainment District
  • Hard Corner Location Outparcel to Costco
  • Easily Accessible Location Immediately Off AZ State Route 303/Loop 303 (Over 64,500 Cars per Day), a Major Phoenix Area Connector
  • Close Proximity to Walmart Supercenter and the Prasada Auto Mall
  • Less Than 10 Minutes from the New Sterling Grove Master-Planned Community

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s) AZ: SA659077000

    Arizona

Financing By

Restaurant

Whataburger Ground Lease

Listing Price: $2,824,000

Cap Rate
4.25%
Tenant Name
Whataburger Restaurants LLC
Years Remaining On Lease
13.8
Gross SF
3,571
Guarantor
Corporate Guarantee
Rentable SF
3,571
Price/Gross SF
$790.81
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.60

Investment Highlights

  • 14 Years Remaining on Absolute Triple-Net Ground Lease - Double Drive Thru Location.
  • 10 Percent Rental Increases Every Five Years.
  • 176,644 Residents within Five-Miles in Growing Surprise Trade Area - Households and Population Projected to Increase Over 12 Percent in the Immediate Area by 2027.
  • Adjacent to Village at Prasada (Coming Soon) - Featuring Over 700,000 Square Feet of Shops, a Restaurant Row, and an Entertainment District
  • Hard Corner Location Outparcel to Costco
  • Easily Accessible Location Immediately Off AZ State Route 303/Loop 303 (Over 64,500 Cars per Day), a Major Phoenix Area Connector
  • Close Proximity to Walmart Supercenter and the Prasada Auto Mall
  • Less Than 10 Minutes from the New Sterling Grove Master-Planned Community

Investment Overview

Marcus & Millichap is pleased to present for sale Whataburger in Surprise, Arizona. Whataburger is a privately-held, American regional fast food restaurant chain headquartered and based in San Antonio, Texas. Whataburger is family owned and operated with over 43,000 employees and more than 800 locations across Arizona, Arkansas, Alabama, Florida, Georgia, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Surprise, Arizona is located just 28 miles Northwest of Downtown Phoenix. The City of Surprise sits at the foot of the White Tank Mountains and is currently home to over 100,000 residents. The City of Surprise offers an assortment of amenities. Located in the center of Surprise is the Surprise stadium. The stadium hosts spring training games for the Texas Rangers and the Kansas City Royals.

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s): AZ: SA659077000

    Arizona

Financing By

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