- Corporate signed lease by Whataburger Restaurants, LLC
- Over 8 years remaining with 3 (5-year) option periods to extend
- The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
Investment Offering
Corsicana, TX - Whataburger
1709 W 7th Ave | Corsicana, TX 75110
$4,315,000
Price5.75%
Cap Rate$248,056
NOI1979
Year Built100%
Occupancy3,617
± SF Offering GLA1.17
± AC Land AreaDescription
Location
- The subject property’s significant frontage and pylon signage on W 7th Avenue (19,500 VPD) provides increased exposure to consumers
- The asset is approximately 1 mile from Navarro College
- Corsicana which has a student population of over 3,100, providing a direct consumer base from which the asset can draw upon
- Located in the center of a primary retail corridor with other national/credit retailers including Walmart, Academy, H-E-B, Planet Fitness, Harbor Freight, Taco Bell, Wingstop, 7 Brew, and many others, increasing consumer draw to the immediate trade area
Documents & Links
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Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739