DeSoto, TX - Whataburger
$2,186,000
203 E Pleasant Run Rd, DeSoto, TX 75115
4.75
Cap Rate
103,858
NOI
Details:
Description:
• Corporate signed lease by Whataburger Restaurants, LLC
• Over 9 years remaining with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• The subject property is strategically located at the signalized, hard-corner intersection of Pleasant Run Rd and N Hampton Rd, combining to average over 43,600 vehicles passing by daily
• The property is in the center of a primary retail corridor with other nearby retailers including Tom Thumb, Aldi, McDonald’s, Dunkin, Jack In The Box, AutoZone, and many more
• Strong synergy promotes crossover shopping to the subject property
Location
Gallery