Leeds, AL - Whataburger

Description:

• Whataburger has over 8 years remaining in the current term with 3 (5-Year) options to extend, providing stable in-place income with long-term extension potential
• The lease features a 10% rental increase in August 2030 and 10%rental increases at the beginning of each option period
• The lease is signed by Whataburger Restaurants LLC, a corporate entity of Whataburger, which has over 1,200 restaurants across 17 states

• The subject property is situated in a dense retail corridor across Ashville Road from a Walmart Supercenter
• Additional nearby retail destinations include Lowe’s, AutoZone and Walgreens
• Numerous hotels at the Interstate 20 interchange, including Holiday Inn Express, Best Western Plus, Comfort Inn & Suites and Red Roof Inn, bring a steady flow of travelers and additional consumers to the area
• Together, these retailers and hotels drive consistent traffic to the corridor and promote demand for the subject property

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Listing ID: a28TP0000045ubxYAA