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Restaurant

Whataburger Ground Lease

NEC of West McDowell Rd & North 107th Ave, Avondale, AZ 85392

Listing Price: $2,824,000

Cap Rate
4.25%
Tenant Name
Hot Burgers, LLC
Years Remaining On Lease
15.5
Gross SF
3,571
Guarantor
Personal Guarantee
Rentable SF
3,571
Price/Gross SF
$790.81
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.60

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.

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

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $2,824,000

Cap Rate
4.25%
Tenant Name
Hot Burgers, LLC
Years Remaining On Lease
15.5
Gross SF
3,571
Guarantor
Personal Guarantee
Rentable SF
3,571
Price/Gross SF
$790.81
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.60

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

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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