request_info_guest false

Mission, TX - Whataburger

$2,810,000

801 E 9th St, Palmhurst, TX 78572

Active
Last Updated: 05/16/2026

5

Cap Rate

140,512

NOI

Details:
Cap Rate:    5%
NOI:    $140,512
Building Size:    3,060 sqft
Lot Area:    0.65 acres
Year Built:    1979
Zoning:    C-3: General Business District
Floors:    1
Description:

• The tenant currently has 8+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

• Located at the signalized, hard corner intersection of E 9th St and N Mayberry Rd, which combine to average more than 24,300 vehicles passing by daily
• The site is approximately 1.5 miles from Interstate 2 (85,000 VPD)
• The asset is located approximately 1 mile from Mission High School, which has a student population of over 2,000
• The subject property is located in the center of a dense retail corridor
with other nearby retailers including H-E-B, Walmart, Planet Fitness, KFC, Firestone, and Family Dollar

Map:
Location
Gallery