Killeen, TX - Whataburger
$2,667,000
530 W. Stan Schlueter Loop, Killeen, TX 76542
4.5
Cap Rate
120,000
NOI
Details:
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.
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. The asset is located near the signalized, hard corner intersection of W Stan Schlueter Loop and Highway 195 with a combined 51,800 VPD. W Stan Schlueter Loop is the major retail thoroughfare serving the city of Killeen. The asset is adjacent to a H-E-B anchored shopping center along with Dutch Bros, Panda Express, Burger King, Great Clips, and more. The property is located in the center of a primary retail corridor and is surrounded by numerous national and credit tenants, including Walmart Supercenter, ALDI, Office Depot, Lowe’s, Tractor Supply Co., Hobby Lobby, Pet Supplies Plus, Starbucks, McDonald’s, Jimmy John’s, and Planet Fitness. The subject property is in close proximity to Ellison High School, a 5A school with over 1,600 students, allowing Whataburger to benefit from daily commuter traffic from students, teachers, faculty, and staff. The 5-mile trade area is supported by a population of over 168,000 residents and 39,000 employees with an average household income of $78,756.
Location
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