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Restaurant

Whataburger Ground Lease

SEC Queen Creek Road & Gilbert Road, Chandler, AZ 85286

Listing Price: $2,667,000

Cap Rate
3.75%
Tenant Name
Whataburger Restaurants, LLC
Years Remaining On Lease
15.0
Gross SF
3,751
Guarantor
Corporate Guarantee
Rentable SF
3,751
Price/Gross SF
$711.01
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.66

Investment Overview

Whataburger is a privately-held, American regional fast food restaurant chain headquartered and based in San Antonio, Texas. The company was founded in 1950 in Corpus Christi, Texas by Harmon Dobson who wanted 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!” Today, Whataburger is still family owned and operated with over 43,000 employees and more than 800 locations across Arizona, Arkansas, Alabama, Florida, Georgia, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round. In recent years, Chandler’s borders have been expanded and the population has boomed from 30,000 in 1980 to more than 240,000 today. The economic base of Chandler has been diversified. While agriculture is still somewhat of a vital element, Chandler now enjoys a strong manufacturing and electronics sector.

Investment Highlights

  • Brand New 15-Year Triple-Net (NNN) Corporate Ground Lease
  • 10% Rental Increases Every 5 Years
  • 263,165 Residents within a 5-Mile Radius - Phoenix MSA
  • Rapidly Growing Trade Area - Households and Population Projected to Increase 24%+ within a 1-Mile Radius by 2025
  • Located Near the High Traffic Intersection of Queen Creek Road and Gilbert Road - 45,800+ Cars/Day
  • Down the Road from Major Retail Corridor - Target, The Home Depot, Walmart, Hobby Lobby, JCPenney, PetSmart, Michaels, and More
  • Located within the New Layton Lakes Village Retail Center
  • 1 Mile Off the Loop 202 (Santan Freeway) - 162,410 Cars/Day

Exclusively Listed By

Listing Price: $2,667,000

Cap Rate
3.75%
Tenant Name
Whataburger Restaurants, LLC
Years Remaining On Lease
15.0
Gross SF
3,751
Guarantor
Corporate Guarantee
Rentable SF
3,751
Price/Gross SF
$711.01
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.66

Investment Highlights

  • Brand New 15-Year Triple-Net (NNN) Corporate Ground Lease
  • 10% Rental Increases Every 5 Years
  • 263,165 Residents within a 5-Mile Radius - Phoenix MSA
  • Rapidly Growing Trade Area - Households and Population Projected to Increase 24%+ within a 1-Mile Radius by 2025
  • Located Near the High Traffic Intersection of Queen Creek Road and Gilbert Road - 45,800+ Cars/Day
  • Down the Road from Major Retail Corridor - Target, The Home Depot, Walmart, Hobby Lobby, JCPenney, PetSmart, Michaels, and More
  • Located within the New Layton Lakes Village Retail Center
  • 1 Mile Off the Loop 202 (Santan Freeway) - 162,410 Cars/Day

Investment Overview

Whataburger is a privately-held, American regional fast food restaurant chain headquartered and based in San Antonio, Texas. The company was founded in 1950 in Corpus Christi, Texas by Harmon Dobson who wanted 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!” Today, Whataburger is still family owned and operated with over 43,000 employees and more than 800 locations across Arizona, Arkansas, Alabama, Florida, Georgia, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round. In recent years, Chandler’s borders have been expanded and the population has boomed from 30,000 in 1980 to more than 240,000 today. The economic base of Chandler has been diversified. While agriculture is still somewhat of a vital element, Chandler now enjoys a strong manufacturing and electronics sector.

Exclusively Listed By

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