Mission, TX - Whataburger
$2,810,000
801 E 9th St, Palmhurst, TX 78572
5
Cap Rate
140,512
NOI
Details:
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
Location
Gallery