Off Market
Buford, GA - Whataburger
2686 Hamilton Mill Road | Buford, GA 30519
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Whataburger investment property located in Buford, Georgia. The tenant, Whataburger Restaurants, LLC recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Location
The Whataburger is located along Hamilton Mill Rd, which averages 33,400 vehicles passing by daily and is a major retail thoroughfare serving the city of Buford. The asset is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. Additionally, the property is located as an outparcel to Hamilton Mill, a 206,000 square foot shopping center anchored by a Walmart Supercenter. Furthermore, Whataburger is situated northwest of Hamilton Creek, a 204,000 square foot shopping center anchored by The Home Depot and Kohl’s. Moreover, the property is in the center of a primary retail corridor with other nearby national/credit tenants including Kroger, Publix, ALDI, Dollar Tree, CVS Pharmacy, and more, further increasing consumer traffic to the site. Strong tenant synergy promotes crossover shopping to the subject property. The 5-mile local trade area is supported by a population of over 140,900 with an affluent average household income of $135,965.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215