Taft, TX - Whataburger
$1,946,000
321 US-Hwy 181, Taft, TX 78390
5
Cap Rate
97,318
NOI
Details:
Description:
• The tenant currently has 10+ years remaining on their initial lease term 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 along Hwy 181, which averages over 12,000 VPD, the site offers excellent frontage visibility and convenient access
• The site benefits from nearby schools, such as Taft High School and Taft Junior High School, which together serve more than 400 students. This creates a built-in consumer pool of students, parents, teachers, and staff from which the site can draw traffic
• The asset is ideally located near national/credit tenants including Wells Fargo, Dollar General, Circle K, and Dollar Tree
Location
Gallery