San Antonio, TX - Whataburger (W Commerce St)

Description:

• The tenant has over 8 years remaining on its lease with 3 (5-year) options to extend
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
• This Whataburger location ranks in the 95th percentile across all measured Whataburgers for annual visits per Placer.ai

• The subject property is located at the signalized, hard corner intersection of S General McMullen Dr and W Commerce St, which combine to average over 50,200 vehicles passing by daily
• Also at the intersection is the Crosstowne Mercado, a Planet Fitness anchored center with other national/credit retailers including Ross, Burlington, Walgreens, Dollar Tree, KFC, T-Mobile, and others
• Strong synergy promotes crossover shopping to the subject property
• More than 320,500 residents and 186,000 employees support the trade area

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Listing ID: a28TP000002Ch01YAC