Listed by Marcus & Millichap - Nashville
$3,500,000
Whataburger | New 2026 Construction
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,360
Net Rentable (SqFt) 3,360
Cap Rate 5.75%
NOI $201,250
Occupancy 100%
Tenancy Single
Brand/Tenant Whataburger
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 6, 5-Year
Price per SqFt $1,042
Year Built 2026
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ground Lease Yes
Ownership Fee Simple
Sale Condition Sale for leaseback
20-Year Absolute NNN Ground Lease
Marketing description
Click the following link to view/download the full offering memorandum:
https://cdn.prod.website-files.com/69935e0fadf5285fd64573b6/69d99183db91f5139ed761c5_Whataburger-Chattanooga%2C%20TN%20OM%20(2).pdf
Investment highlights
- Brand New 20-Year Absolute NNN Ground Lease
- Open 24-Hours
- 10% Rent Increases Every 5-Years During Primary Lease Term & Options
- Brand New 2026 Construction | Latest Building Design
- Whataburger - Renowned Burger Chain & Rapidly Expanding: Privately owned American fast-food chain with over 1,085 locations. Headquartered in San Antonio and currently operating in 15 States. Annual sales revenues exceed $3.7 Billion
- Consistently Ranked in the Top 25 Fast Food chains in the U.S.
- #2 Burger Chain in Average Unit Sales Volumes
- Dense Infill Chattanooga Location Situated Along I-75 (93,000 VPD)
- Freeway visibility from I-75 (93,000+ VPD)
- Surrounded by national hotel chains including: Comfort Suites, Fairfield Inn, Hilton Garden Inn, Residence Inn, Home2Suites, Staybridge Suites, Towneplace Suites, Red Roof Inn and many more
- Dominant Retail Hub Location | Across from Hamilton Place, a regional retail hub with over 1M SF of retailers, restaurants, hotels, and professional services. National retailers surrounding the property include: Walmart Supercenter, Lowe’s, Home Depot, Publix, Dick’s Sporting Goods, Academy Sports, TJ-Maxx, Trader Joe’s, Nordstom Rack, Ross, Dillard’s, Target, Kohl’s, PetSmart, Petco, Burlington, Haverty’s, Hobby Lobby and many more
Listing Contacts
Listed by Marcus & Millichap - Nashville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,250.00
$16,770.83/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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