- The tenant has over 8 years remaining on its lease with 3 (5-year) options to extend
- Corporate signed lease by Whataburger Restaurants, LLC
- Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
- This Whataburger location ranks in the 95th percentile across all measured Whataburgers for annual visits per Placer.ai
Investment Offering
San Antonio, TX - Whataburger (W Commerce St)
4646 W Commerce St | San Antonio, TX 78237
$7,960,000
Price6.25%
Cap Rate$497,318
NOI1976
Year Built100%
Occupancy2,758
± SF Offering GLA0.61
± AC Land AreaDescription
Location
- The subject property is located at the signalized, hard corner intersection of S General McMullen Dr and W Commerce St, which combine to average over 50,200 vehicles passing by daily
- Also at the intersection is the Crosstowne Mercado, a Planet Fitness anchored center with other national/credit retailers including Ross, Burlington, Walgreens, Dollar Tree, KFC, T-Mobile, and others
- Strong synergy promotes crossover shopping to the subject property
- More than 320,500 residents and 186,000 employees support the trade area
Documents & Links
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 Offering Memorandum |  |  |
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