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34333055
29491947

1110 US-77, San Benito, TX 78586 For Sale

WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
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 SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$6,065,000
170 days on market
Updated 8 days ago

Whataburger | San Benito, TX

Details
APN 60-8140-0080-0012-00
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,100
Cap Rate 6.25%
NOI $378,957
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King (+2)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/31/2034
Remaining Term 8.1
Rent Bumps Yes
Lease Options 3 (5-year)
Broker Co-Op Yes
Year Built 1978
Buildings 1
Stories 1
Acreage 0.690
Parking Spaces 38 spaces
Parking per 1,000 SqFt 12.26
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/02/2019
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

8+ Yr. Remaining | Corporate | 10% Increases | Located Near I-69E On/Off Ramp (90,800 VPD)

Marketing description

This single-tenant property, leased by Corporate (Whataburger Restaurants, LLC), boasts a secure Absolute NNN lease with over 8 years remaining and options to extend. Scheduled rental increases provide a solid return on investment, with a 6.00% cap rate. Situated on approximately 0.69 acres along US-77 in a prime commercial retail area outparcel to Walmart Supercenter, this property features a rentable area of around 3,100 SF and 38 parking spaces. The tenant is responsible for all expenses, making it an ideal opportunity for passive investors. The location benefits from high traffic volume, with 20,800 VPD on US-77 and direct access to Interstate 69E. Nearby national retailers, schools, and residential complexes enhance the property's foot traffic and appeal.

Investment highlights

  • 8+ Years Remaining | Options To Extend |Scheduled Rental Increases

  • Absolute NNN | Fee Simple Ownership

  • Outparcel to Walmart Supercenter | Along U.S. 77 | Interstate 69E | Dense Retail Corridor | Nearby Schools & Apartment

  • Strong Demographics in 5-Mile Trade Area

Listing Contacts

WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
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 SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$378,957.00
$31,579.75/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Louie Tijerina
License
TX License No. 655302
Brokerage
SRS Real Estate Partners-Austin, LLC
Title
Broker of Record
Name
Webb Sellers
License
TX 589055
Brokerage
SRS
Title
EVP
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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