Whataburger
Retail | 4.50% CAP | 3,305 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee (land ownership) in an absolute NNN-leased, Whataburger investment property located in Killeen, Texas. The tenant, Whataburger, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is an absolute NNN ground lease with no landlord responsibilities, making it an ideal, zero management investment opportunity for a passive investor.
Whataburger is joining the newly developed shopping center commonly known as The Shops at Killeen, alongside national and credit tenants such as Chick-fil-A, Murphy USA, Chipotle, and Black Rock Coffee, creating a strong and consistent flow of consumers to the site.
Investment highlights
- The tenant, Whataburger, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and providing a hedge against inflation
- Whataburger is joining the newly developed shopping center commonly known as The Shops at Killeen, alongside national and credit tenants such as Chick-fil-A, Murphy USA, Chipotle, and Black Rock Coffee
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