Oklahoma City, OK - Whataburger (S Council)

Description:

• Corporate signed lease by Whataburger Restaurants, LLC
• 12+ years remaining with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and providing a hedge against inflation

• The subject property is located adjacent to the OKC Outlets, with national/credit retailers including Nike, Disney, Levi’s, Columbia, Gap, and Under Armour
• Less than two miles west of Westgate Marketplace with major retailers including The Home Depot, Walmart, Hobby Lobby, Best Buy, Ulta, Cavender’s, Chick-fil-A, Texas Roadhouse, Starbucks, Jersey Mike’s, and more
• The asset is located near the intersection of Interstate 40 and S Council Rd which combine to average more than 121,600 vehicles passing by daily
• Strong synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000003lXgLYAU