Liberty Hill, TX - Whataburger

Description:

SRS National Net Lease is pleased to present the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased Whataburger investment property located in Liberty Hill, Texas. The tenant recently executed a brand new 15-year lease with three (5-year) renewal options, demonstrating long-term commitment to the site. The lease features 10% rental increases every five years throughout the primary term and at the beginning of each option period, supporting NOI growth and providing a hedge against inflation. The property features brand new 2026 construction with Whataburger’s latest prototype, modern design, and drive-thru infrastructure. The lease is an absolute NNN ground lease with zero landlord responsibilities, making it an ideal management-free investment opportunity for an out-of-state investor.

The property is strategically positioned along State Hwy 29 (32,900 VPD), offering strong visibility along a key local thoroughfare. The asset is located within a dense retail corridor alongside national retailers including Costco Wholesale, O’Reilly Auto Parts, and AutoZone, among others. The site also benefits from proximity to community anchors including Louine Noble Elementary School, Liberty Hill Middle School, and the planned Legacy Ranch High and Middle School, which help drive consistent consumer traffic to the area. Additionally, the property is surrounded by established residential communities, including Liberty Trails Apartment Homes (100 units), providing a direct residential consumer base. The 5-mile trade area is supported by more than 58,200 residents with an average household income of $160,936. The asset is located within the Austin MSA (one of the fastest-growing metropolitan areas in the nation) and within the Texas Triangle, a 65-county megaregion anchored by Austin, Dallas-Fort Worth, Houston, and San Antonio, and one of the most economically significant regions in the United States.

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