Pearland, TX - Whataburger

Description:

• Whataburger Corporate signed lease
• New, 15-year lease with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The property’s location, newly constructed improvements, and favorable lease terms contribute to the asset’s strong intrinsic value
• Tenant undertook the construction of the improvements at their sole expense, highlighting their commitment to the site

• The subject property is an outparcel to a Walmart Supercenter with other tenants including Panda Express and Murphy USA
• Located near the signalized, hard corner intersection of Dixie Farm Rd and E Broadway St, which combine to average more than 55,200 VPD
• The property is located in a dense retail corridor with other national/credit tenants including The Home Depot, Chick-fil-A, Raising Cane’s, Starbucks, Walgreens, Taco Bell, and many others

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Listing ID: a28TP0000024T77YAE