Amarillo, TX - Whataburger (Pierce St)

Description:

• Corporate signed lease by Whataburger Restaurants, LLC
• Over 8 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 asset is located near the signalized, hard corner intersection of Amarillo Boulevard and Pierce Street which combine to average over 30,800 vehicles passing by daily
• The site is located less than a mile from Palo Duro High School, which is home to over 1,900 students
• The property is located in the center of a primary retail corridor with other national/credit retailers including United Supermarkets, McDonald’s, Taco Bell, Starbucks, AutoZone, Walgreens, KFC, Family Dollar, and more
• Strong synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000003m30HYAQ