Restaurant
Whataburger Ground Lease
NEC of West McDowell Rd & North 107th Ave, Avondale, AZ 85392
Listing Price: $2,824,000
Investment Overview
Whataburger is a privately-held, American regional fast food restaurant chain headquartered and based in San Antonio, Texas. Mark Peterson, President and CEO and Kyrstal Burge have been Taco Bell franchisees virtually their entire professional career. Today, with more than 325 restaurants, Desert de Oro Foods is the largest Taco Bell franchisee in Arizona, and operates in seven states. Avondale is a city in Arizona's Maricopa County, a suburb of Phoenix. As of the 2020 U.S. Census, the city is home to over 89,000 residents. Avondale is home to Phoenix Raceway (which hosts two NASCAR race weekends annually), the Avondale Friendship Park, and a historic corridor featuring local shops and restaurants.
Whataburger Ground Lease
Investment Highlights
- Brand New 15-Year Absolute Triple-Net Ground Lease - 2023 Construction
- Strong Guaranty
- Eight Percent Rental Increases Every Five Years
- 277,704 Residents Within Five-Miles in Growing Avondale Trade Area - Households Projected to Increase More than Seven Percent in the Immediate Area by 2027
- Hard Corner Location - Visible to Over 75,000 Cars per Day at the Intersection of North 107th Avenue and West McDowell Road
- Situated in the Heart of Avondale's Primary Health Tech and Retail Corridor
- Easily Accessible Location Immediately Off Interstate 10 (More than 190,800 Cars per Day), a Major Phoenix Area Connector
- Close Proximity to Gateway Crossing and Gateway Pavilions - Major Tenants Include Costco, Harkins Theatres, Main Event, Best Buy, Chick-fil-A, McDonald's, and More
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
Listing Price: $2,824,000
Investment Highlights
- Brand New 15-Year Absolute Triple-Net Ground Lease - 2023 Construction
- Strong Guaranty
- Eight Percent Rental Increases Every Five Years
- 277,704 Residents Within Five-Miles in Growing Avondale Trade Area - Households Projected to Increase More than Seven Percent in the Immediate Area by 2027
- Hard Corner Location - Visible to Over 75,000 Cars per Day at the Intersection of North 107th Avenue and West McDowell Road
- Situated in the Heart of Avondale's Primary Health Tech and Retail Corridor
- Easily Accessible Location Immediately Off Interstate 10 (More than 190,800 Cars per Day), a Major Phoenix Area Connector
- Close Proximity to Gateway Crossing and Gateway Pavilions - Major Tenants Include Costco, Harkins Theatres, Main Event, Best Buy, Chick-fil-A, McDonald's, and More
Investment Overview
Whataburger is a privately-held, American regional fast food restaurant chain headquartered and based in San Antonio, Texas. Mark Peterson, President and CEO and Kyrstal Burge have been Taco Bell franchisees virtually their entire professional career. Today, with more than 325 restaurants, Desert de Oro Foods is the largest Taco Bell franchisee in Arizona, and operates in seven states. Avondale is a city in Arizona's Maricopa County, a suburb of Phoenix. As of the 2020 U.S. Census, the city is home to over 89,000 residents. Avondale is home to Phoenix Raceway (which hosts two NASCAR race weekends annually), the Avondale Friendship Park, and a historic corridor featuring local shops and restaurants.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
