Grand Prairie, TX - Whataburger

Description:

• The tenant has over 11 years remaining on its lease with 3 (5-year) options to extend
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation

• The property features excellent visibility from Highway 360, which sees approximately 133,200 vehicles passing by daily
• The asset is located near several multifamily complexes including the Red River Ranch Apartments (336 units), Stone Lake Apartments (334 units), and the 2803 Riverside Apartments (436 units)
• Other national/credit retailers in the area include McDonald’s, IHOP, 7- Eleven, Taco Bell, Chicken Express, and Family Dollar
• Established retail corridor with complementary uses

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Listing ID: a28TP000003leTJYAY