Restaurant
Whataburger | 20-Year Absolute NNN Lease
6813 US-431 SE, Owens Cross Roads, AL 35763
Listing Price: $3,000,000
Cap Rate
6.00%
Tenant Name
Whataburger
Years Remaining On Lease
20.7
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
Ground Lease
Rent Per Square Feet
$90.00
Investment Overview
See full offering memorandum for details.
Whataburger | 20-Year Absolute NNN Lease
Investment Highlights
- Brand New 20-Year Absolute NNN Ground Lease
- Affluent Huntsville suburb location with $171,729 Avg. HHI within a 1-mile radius
- Dominant retail hub location surrounded by national retailers including Walmart Supercenter, Lowe's, Publix, AutoZone, Tire Discounters, Verizon, Dunkin', Circle K, Regions Bank, Dollar Tree, Dutch Br
- New 2025 Construction with Dual-Lane Drive-Through (OPEN 24-HOURS)
- 10% Increases Every 5-Years during primary term and options
- Whataburger - #2 Ranked Burger Chain by Avg. Unit Volume with over 1,000 locations across 15 States and rapidly expanding*
Broker of Record
Listing Price: $3,000,000
Cap Rate
6.00%
Tenant Name
Whataburger
Years Remaining On Lease
20.7
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
Ground Lease
Rent Per Square Feet
$90.00
Investment Highlights
- Brand New 20-Year Absolute NNN Ground Lease
- Affluent Huntsville suburb location with $171,729 Avg. HHI within a 1-mile radius
- Dominant retail hub location surrounded by national retailers including Walmart Supercenter, Lowe's, Publix, AutoZone, Tire Discounters, Verizon, Dunkin', Circle K, Regions Bank, Dollar Tree, Dutch Br
- New 2025 Construction with Dual-Lane Drive-Through (OPEN 24-HOURS)
- 10% Increases Every 5-Years during primary term and options
- Whataburger - #2 Ranked Burger Chain by Avg. Unit Volume with over 1,000 locations across 15 States and rapidly expanding*
Investment Overview
See full offering memorandum for details.
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments
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