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27816795
27816796

4530 Hwy 6, Sugar Land, TX 77478

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$4,895,000
224 days on market
Updated 45 days ago

Whataburger | Sugar Land, TX

Details
APN 4762-02-000-0022-907
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,617
Cap Rate 5.16%
NOI $252,747
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, McDonald's (+2)
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 08/31/2037
Remaining Term 11.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 1993
Buildings 1
Stories 1
Acreage 0.740
Zoning B-2
Parking Spaces 28 spaces
Parking Per SqFt 10.70
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

11+ Years Remaining | 10% Increases Every Five | Outparcel to First Colony Marketplace

Marketing description

Introducing an exclusive investment opportunity at 4530 Highway 6 in Sugar Land, Texas. This single-tenant property boasts over 11 years remaining on an Absolute NNN lease with scheduled rental increases, offering a solid net operating income of $252,747 at a 4.96% cap rate. Located in the bustling retail corridor near First Colony Marketplace and Riverstone Shopping Center, this property is strategically positioned for success. With a corporate lease from Whataburger Restaurants, LLC, this fee simple ownership opportunity presents a passive income stream with the tenant responsible for all expenses, making it an ideal investment for discerning investors. Surrounded by national and credit retailers like Hobby Lobby, Kohl’s, and Walmart, the property benefits from strong consumer draw and high traffic exposure. The dense surrounding demographics of over 213,000 residents and 113,000 employees further solidify this property's appeal.

Investment highlights

  • Over 11 Years Remaining | Options To Extend | Scheduled Rental Increases

  • Absolute NNN | Fee Simple Ownership

  • First Colony Marketplace | Riverstone Shopping Center |Dense Retail Corridor

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$252,747.00
$21,062.25/mo

Valuation Metrics

0
DSCR
5.16%
Cap Rate
5.16%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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