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Restaurant

Whataburger Ground Lease

2234 Winchester Rd NE, Huntsville, AL 35811

Listing Price: $2,900,000

Cap Rate
6.00%
Tenant Name
Whataburger
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
3,427
Lease Type
Gross Lease
Rent Per Square Feet
$50.77

Investment Overview

Over six decades ago, an adventurous and determined entrepreneur named Harmon Dobson had a bold idea: to serve a burger so big that it took two hands to hold, and so good that after a single bite customers couldn’t help but exclaim, “What-a-burger!” He named his humble burger stand, located on Ayers Street in Corpus Christi, Texas, “Whataburger.” The founder’s original vision still inspires everything they do. Each and every Whataburger is still made to order—when it’s ordered. They still greet our customers with a smile 24 hours a day, seven days a week. And while they now serve hot, fresh food at over 1,000 Whataburger restaurants, that
burger stand in Corpus Christi is never far from their hearts. From two original employees in Corpus Christi to over 51,000 across 15 states, Whataburger is more successful than ever.

Whataburger is consistently ranked among the top-grossing and fastest-growing chains in the restaurant industry. Numerous accolades and “best of” rankings confirm what satisfied customers already know, Whataburger is America’s top burger destination.

Investment Highlights

  • New 20-Year Absolute NNN Ground Lease | No landlord maintenance or management obligations
  • 10% Rent Increases every 5-years during the primary term and 6, 5-year option periods
  • State-of-the-art building design with dual lane, wrap-around drivethrough | Modern digitally focused system to improve efficiency and convenience for customers
  • Excellent demos with $120,861 Average HHI (1-Mile Radius)
  • WHATABURGER | Renowned Burger Brand with over 1,000 locations across the South, Southwest, and Midwest U.S. generating over $3.7 billion in systemwide revenue annually

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Whataburger Ground Lease

Listing Price: $2,900,000

Cap Rate
6.00%
Tenant Name
Whataburger
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
3,427
Lease Type
Gross Lease
Rent Per Square Feet
$50.77

Investment Highlights

  • New 20-Year Absolute NNN Ground Lease | No landlord maintenance or management obligations
  • 10% Rent Increases every 5-years during the primary term and 6, 5-year option periods
  • State-of-the-art building design with dual lane, wrap-around drivethrough | Modern digitally focused system to improve efficiency and convenience for customers
  • Excellent demos with $120,861 Average HHI (1-Mile Radius)
  • WHATABURGER | Renowned Burger Brand with over 1,000 locations across the South, Southwest, and Midwest U.S. generating over $3.7 billion in systemwide revenue annually

Investment Overview

Over six decades ago, an adventurous and determined entrepreneur named Harmon Dobson had a bold idea: to serve a burger so big that it took two hands to hold, and so good that after a single bite customers couldn’t help but exclaim, “What-a-burger!” He named his humble burger stand, located on Ayers Street in Corpus Christi, Texas, “Whataburger.” The founder’s original vision still inspires everything they do. Each and every Whataburger is still made to order—when it’s ordered. They still greet our customers with a smile 24 hours a day, seven days a week. And while they now serve hot, fresh food at over 1,000 Whataburger restaurants, that burger stand in Corpus Christi is never far from their hearts. From two original employees in Corpus Christi to over 51,000 across 15 states, Whataburger is more successful than ever. Whataburger is consistently ranked among the top-grossing and fastest-growing chains in the restaurant industry. Numerous accolades and “best of” rankings confirm what satisfied customers already know, Whataburger is America’s top burger destination.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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