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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.

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

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