Midlothian, TX - Whataburger

Description:

• The tenant currently has 13+ 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

• The subject property is located at the hard corner intersection of Presidential Pkwy and Hwy 287, which combined average 48,500 VPD
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Walgreens, Autozone, Dollar General, Shell and more
• The asset is in close proximity to Methodist Midlothian Medical Center (46 beds), further increasing consumer traffic to the immediate trade area

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Listing ID: a28TP000001kM3NYAU