Whataburger Ground Lease
15 Year Corp. Lease | 5.00% CAP | Across From Wegmans
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Investment highlights
• New 2026 construction
• Absolute net ground lease | No landlord responsibilities
• Desirable lease term | New 15-year term
• Corporate lease | Whataburger Restaurants, LLC | 1,100 locations across 17 states
• Strategic Location | Property is located directly across from Wegmans and adjacent to a new retail development | Benefiting from strong traffic drivers, daily-needs visitation, and ongoing commercial growth
• Great visibility from Dr. Calvin Jones Hwy | 31,000 VPD
• Located inside of dense retail corridor | 3.8M SF within a 2-mile radius
• Large parcel | 1.08 acres
• Explosive population growth within 1-mile | 75.12% from ’10-‘25
• Attractive population density within a 5-mile radius | 119,425 residents
• Stable population growth over the next 5 years | 9.00% growth within a 1-mile radius
• Affluent surrounding area | $137,312 average household income within a 1-mile radius
• 6 miles from WakeMed North Hospital | 77 beds
• 10 minutes from Wake Forest High School | 2,075 students
• 25 minutes from Raleigh-Durham International Airport | 400 flights per day
• Located adjacent to The Lindley at Grove 98 Apartments | 232 residential units
• Nearby destination retailers | Walmart Supercenter, Target, Wegmans, Publix, Harris Teeter, Lowes Foods, Food Lion, ALDI, Lidl, Lowe’s, Sam’s Club, Staples, Sherwin-Williams, Texas Roadhouse, Chili’s, Panera Bread, Chick-fil-A, McDonald’s, Bojangles, Cook Out, CAVA, Dave’s Hot Chicken, and more
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