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Restaurant

Whataburger (Ground Lease)

1705 Rte 291, Harrisonville, MO 64701

Listing Price: $2,212,000

Cap Rate
5.20%
Tenant Name
Whataburger
Years Remaining On Lease
14.5
Gross SF
3,787
Guarantor
Corporate Guarantee
Rentable SF
3,787
Price/Gross SF
$584.10
Lease Type
Ground Lease
Rent Per Square Feet
$30.37

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Whataburger in Harrisonville, Missouri. The property consists of a 3,787-square-foot, freestanding building that sits on 1.73 acres of land. There are 15 years remaining on the current lease term, 10% rental increases every 5 years.

Investment Highlights

  • New 15-Year Corporate Ground Lease with 10% Rental Escalations Every Five Years
  • Large 1.73 Acre Parcel Across from Walmart Supercenter
  • Excellent Access and Visibility on State Route 291 (15,684 VPD)
  • Suburb on the Missouri Side of the Kansas City MSA (Population of 2.2 Million)
  • Less than a Mile to Cass Regional Medical Center a 38,000-SF General, Acute Care Facility - $2.3 Million Expansion and Renovation Project in 2023
  • Established Brand with 950 Locations and System-Wide Sales Exceeding $3 Billion

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Restaurant

Whataburger (Ground Lease)

Listing Price: $2,212,000

Cap Rate
5.20%
Tenant Name
Whataburger
Years Remaining On Lease
14.5
Gross SF
3,787
Guarantor
Corporate Guarantee
Rentable SF
3,787
Price/Gross SF
$584.10
Lease Type
Ground Lease
Rent Per Square Feet
$30.37

Investment Highlights

  • New 15-Year Corporate Ground Lease with 10% Rental Escalations Every Five Years
  • Large 1.73 Acre Parcel Across from Walmart Supercenter
  • Excellent Access and Visibility on State Route 291 (15,684 VPD)
  • Suburb on the Missouri Side of the Kansas City MSA (Population of 2.2 Million)
  • Less than a Mile to Cass Regional Medical Center a 38,000-SF General, Acute Care Facility - $2.3 Million Expansion and Renovation Project in 2023
  • Established Brand with 950 Locations and System-Wide Sales Exceeding $3 Billion

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Whataburger in Harrisonville, Missouri. The property consists of a 3,787-square-foot, freestanding building that sits on 1.73 acres of land. There are 15 years remaining on the current lease term, 10% rental increases every 5 years.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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