1010 Wildcat Dr, Portland, TX 78374

Introducing a prime investment opportunity at 1010 Wildcat Drive in Portland, Texas. This single-tenant absolute NNN property offers over 8 years remaining on the lease with scheduled rental increases and options to extend, providing a secure income stream for savvy investors. The property features a corporate lease by Whataburger Restaurants, LLC, ensuring stable returns. With a 6.00% cap rate and a net operating income of $455,859, this is an ideal investment for passive income seekers. The fee simple ownership structure means the tenant is responsible for all expenses, making it a hassle-free investment. Situated at a signalized, hard corner intersection in a dense retail corridor with high traffic flow, the property benefits from its proximity to a Walmart Supercenter and various national retailers, driving foot traffic and enhancing market visibility. Boasting strong demographics in the 5-mile trade area, this property presents a lucrative opportunity in a thriving retail hub.