Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$3,436,000
Whataburger | Victoria TX
Details
APN 56650-001-00100
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 3,104
Cap Rate 5.25%
NOI $180,415
Tenancy Single
Brand/Tenant Whataburger
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/12/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Year Built 1977
Acreage 0.790
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/02/2019
Ground Lease No
Ownership Fee Simple
Retail | 5.25% CAP | 3,104 SqFt
Investment highlights
- 8+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Absolute NNN | Fee Simple Ownership
- Signalized, Hard Corner Intersection | Centre At Navarro | Primary Retail Corridor
- Strong Demographics in the Immediate Trade Area
Listing Contacts
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
$180,415.00
$15,034.58/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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