Restaurant
Whataburger
706 E Fillmore St, Colorado Springs, CO 80907
Listing Price: $2,990,000
Cap Rate
4.85%
Tenant Name
Whataburger
Years Remaining On Lease
20.1
Gross SF
3,744
Guarantor
Franchisee Guarantee
Rentable SF
3,744
Price/Gross SF
$798.61
Lease Type
NNN Ground Lease
Rent Per Square Feet
$38.73
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a brand new Whataburger in Colorado Springs, CO.
Whataburger
Investment Highlights
- New 20-Year Absolute Triple-Net (NNN) Ground Lease with 3 x 10 Year Options and Scheduled Rent Increases
- New Construction Double Drive-Thru Whataburger Opened in November 2023
- Personal and Franchisee Guaranty from Burgerworks Colorado, LLC - Operator of 16 Whataburger Locations Throughout Colorado and Texas
- Signalized Hard Corner Location at the Intersection of Fillmore & El Paso - 36,000+ VPD
- 1.8 Miles from University of Colorado at Colorado Springs - 12,400 Students
Exclusively Listed By
Listing Price: $2,990,000
Cap Rate
4.85%
Tenant Name
Whataburger
Years Remaining On Lease
20.1
Gross SF
3,744
Guarantor
Franchisee Guarantee
Rentable SF
3,744
Price/Gross SF
$798.61
Lease Type
NNN Ground Lease
Rent Per Square Feet
$38.73
Investment Highlights
- New 20-Year Absolute Triple-Net (NNN) Ground Lease with 3 x 10 Year Options and Scheduled Rent Increases
- New Construction Double Drive-Thru Whataburger Opened in November 2023
- Personal and Franchisee Guaranty from Burgerworks Colorado, LLC - Operator of 16 Whataburger Locations Throughout Colorado and Texas
- Signalized Hard Corner Location at the Intersection of Fillmore & El Paso - 36,000+ VPD
- 1.8 Miles from University of Colorado at Colorado Springs - 12,400 Students
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a brand new Whataburger in Colorado Springs, CO.
Exclusively Listed By
