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Restaurant

Whataburger - Brand New 20-Year Lease | 2023 Construction

13401 Crystal Hill Rd, North Little Rock, AR 72113

Listing Price: $4,250,000

Cap Rate
6.35%
Tenant Name
Whataburger
Years Remaining On Lease
20.1
Gross SF
3,371
Guarantor
Franchisee Guarantee
Rentable SF
3,371
Price/Gross SF
$1,260.75
Lease Type
Absolute Net
Rent Per Square Feet
$80.09

Investment Overview

-Introducing a Brand-New, 20-Year Construction Built in 2023, Conveniently Located as an Outparcel to Walmart -The Latest Prototype Double Drive-Thru Location is Designed to Handle Increased Order Volume --Prime Retail Location-- -Located Near the Intersection of Maumelle Blvd and Crystal Hill Road (Combined Traffic Counts Exceed 38,000 Cars Per Day) -The Subject Property boasts an Expansive 2-Acre Lot, Providing Ample Space for 41 Parking Spots -Located within 9 Miles of Camp Joseph T. Robinson Military Base -Within Close Proximity to Several Major Retailers such as Arvest Bank, Popeyes, Tropical Smoothie Café, Supercuts, AT&T, Mattress Firm, Zips Car Wash, 7 Brew Coffee, Christian Brothers Automotive, and Many More --Experienced Franchisee-- -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Whataburger has the Highest Average Sales Per Store of all Burger Quick Service Restaurants at $3.54 Million per Store -Whataburger's Sales Skyrocketed in 2021, Reaching $3.09 Billion – A 14.5% Increase From 2020 -Whataburger has 873+ Locations Nationwide | Operated by K-Mac Enterprises, the 2nd Largest Taco Bell Operator with 320+ Locations -Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term Provide for an Excellent Hedge Against Inflation -Pride of Property Ownership in North Little Rock, AR -Dense, Infill Location with Over 74,000 Residents within 5 Miles, Creating a Large Customer Base -Affluent Area with the Average Household Income Exceeding $110,000 within 5 Miles

Investment Highlights

  • Introducing a Brand-New, 20-Year Construction Built in 2023, Conveniently Located as an Outparcel to Walmart
  • Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
  • Whataburger has 873+ Locations Nationwide | Operated by K-Mac Enterprises, the 2nd Largest Taco Bell Operator with 320+ Locations

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Restaurant

Whataburger - Brand New 20-Year Lease | 2023 Construction

Listing Price: $4,250,000

Cap Rate
6.35%
Tenant Name
Whataburger
Years Remaining On Lease
20.1
Gross SF
3,371
Guarantor
Franchisee Guarantee
Rentable SF
3,371
Price/Gross SF
$1,260.75
Lease Type
Absolute Net
Rent Per Square Feet
$80.09

Investment Highlights

  • Introducing a Brand-New, 20-Year Construction Built in 2023, Conveniently Located as an Outparcel to Walmart
  • Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
  • Whataburger has 873+ Locations Nationwide | Operated by K-Mac Enterprises, the 2nd Largest Taco Bell Operator with 320+ Locations

Investment Overview

-Introducing a Brand-New, 20-Year Construction Built in 2023, Conveniently Located as an Outparcel to Walmart -The Latest Prototype Double Drive-Thru Location is Designed to Handle Increased Order Volume --Prime Retail Location-- -Located Near the Intersection of Maumelle Blvd and Crystal Hill Road (Combined Traffic Counts Exceed 38,000 Cars Per Day) -The Subject Property boasts an Expansive 2-Acre Lot, Providing Ample Space for 41 Parking Spots -Located within 9 Miles of Camp Joseph T. Robinson Military Base -Within Close Proximity to Several Major Retailers such as Arvest Bank, Popeyes, Tropical Smoothie Café, Supercuts, AT&T, Mattress Firm, Zips Car Wash, 7 Brew Coffee, Christian Brothers Automotive, and Many More --Experienced Franchisee-- -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Whataburger has the Highest Average Sales Per Store of all Burger Quick Service Restaurants at $3.54 Million per Store -Whataburger's Sales Skyrocketed in 2021, Reaching $3.09 Billion – A 14.5% Increase From 2020 -Whataburger has 873+ Locations Nationwide | Operated by K-Mac Enterprises, the 2nd Largest Taco Bell Operator with 320+ Locations -Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term Provide for an Excellent Hedge Against Inflation -Pride of Property Ownership in North Little Rock, AR -Dense, Infill Location with Over 74,000 Residents within 5 Miles, Creating a Large Customer Base -Affluent Area with the Average Household Income Exceeding $110,000 within 5 Miles

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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