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Restaurant

Whataburger

5055 Old Hickory Blvd, Nashville, TN 37076

Listing Price: $3,733,334

Cap Rate
3.75%
Tenant Name
Whataburger
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
3,715
Lease Type
Absolute Net
Rent Per Square Feet
$37.69

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Whataburger a single-tenant property located at 5055 Old Hickory Boulevard, Nashville (Hermitage), TN 37076. The subject property is comprised of 3,715 square feet and was built in 2021. The building sits on a large 1.52 Acre lot located just off Old Hickory Boulevard which oversees ±33,700 Vehicles Per Day. Whataburger operates on a corporate absolute-net lease with 15 years remaining. At the end of the initial term Whataburger will have three, five-year options to extend. The lease calls for 10% increases in year 11 @ each option. Whataburger sold a majority stake to BDT Capital Partners in 2019. The private equity firm has a track record of partnering with family-owned businesses like Peet’s Coffee, Weber Grill and Krispy Kreme. The burger chain has been family-owned and operated since its founding in 1950 by Harmon Dobson in Corpus Christi, Texas. There are now more than 800 locations across the country. Despite its tremendous growth since its debut, Whataburger continues to be keenly aware that they owe their success to the many loyal Whataburger customers around the country. For this reason, Whataburger remains firmly committed to the principles upon which it was founded: serving customers a fresh, made-to-order meal in a family atmosphere at a fair price. Whataburger is headquarters is in San Antonio, Texas.

Investment Highlights

  • Brand New Absolute-Net Lease: 15-Years Remain on Lease with 10% Increases Every 5-Years; Including Each of the Three, 5-Year Options to Extend the Term
  • Strong Corporate Guaranty: Whataburger has Over ±800 Stores and ±14,000 Employees. Whataburger was Recently Acquired by BDT Capital Partners in 2019 for 1.4 Billion
  • 2021 Construction: A Brand New 3,715 SF Building on a Large 1.52 Acre Lot Displaying Whataburger's Latest Concept

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Financing By

Listing Price: $3,733,334

Cap Rate
3.75%
Tenant Name
Whataburger
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
3,715
Lease Type
Absolute Net
Rent Per Square Feet
$37.69

Investment Highlights

  • Brand New Absolute-Net Lease: 15-Years Remain on Lease with 10% Increases Every 5-Years; Including Each of the Three, 5-Year Options to Extend the Term
  • Strong Corporate Guaranty: Whataburger has Over ±800 Stores and ±14,000 Employees. Whataburger was Recently Acquired by BDT Capital Partners in 2019 for 1.4 Billion
  • 2021 Construction: A Brand New 3,715 SF Building on a Large 1.52 Acre Lot Displaying Whataburger's Latest Concept

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Whataburger a single-tenant property located at 5055 Old Hickory Boulevard, Nashville (Hermitage), TN 37076. The subject property is comprised of 3,715 square feet and was built in 2021. The building sits on a large 1.52 Acre lot located just off Old Hickory Boulevard which oversees ±33,700 Vehicles Per Day. Whataburger operates on a corporate absolute-net lease with 15 years remaining. At the end of the initial term Whataburger will have three, five-year options to extend. The lease calls for 10% increases in year 11 @ each option. Whataburger sold a majority stake to BDT Capital Partners in 2019. The private equity firm has a track record of partnering with family-owned businesses like Peet’s Coffee, Weber Grill and Krispy Kreme. The burger chain has been family-owned and operated since its founding in 1950 by Harmon Dobson in Corpus Christi, Texas. There are now more than 800 locations across the country. Despite its tremendous growth since its debut, Whataburger continues to be keenly aware that they owe their success to the many loyal Whataburger customers around the country. For this reason, Whataburger remains firmly committed to the principles upon which it was founded: serving customers a fresh, made-to-order meal in a family atmosphere at a fair price. Whataburger is headquarters is in San Antonio, Texas.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

Financing By

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