Plainview, TX - Whataburger

Description:

SRS National Net Lease Group is pleased to present the opportunity to acquire the leased fee interest in a newly constructed Whataburger located in Plainview, Texas. The property is backed by a corporate guaranty from Whataburger, a nationally recognized QSR brand with over 1,100 locations. The tenant recently executed a new 15-year absolute NNN ground lease, which includes three (3) five-year renewal options and 10% rent increases every five years. This lease structure provides stable long-term income, built-in rent growth, and zero landlord responsibilities, making it an ideal opportunity for passive, out-of-state, or 1031 exchange investors.

The property is positioned within a dense and growing retail corridor, surrounded by major shopping centers anchored by Walmart, United Supermarkets, and Planet Fitness. National co-tenants include McDonald’s, Wendy’s, Chili’s, Dollar Tree, Harbor Freight, T-Mobile, and Ace Hardware. The site is directly adjacent to Arby’s and Papa John’s, driving strong
tenant synergy and consistent crossover traffic. Recent nearby developments include a newly opened Starbucks adjacent to the site and a Chick-fil-A located just 0.3 miles away, further enhancing the area’s QSR density and consumer draw. The property benefits from proximity to key community anchors such as Wayland Baptist University (1,100 students on Plainview campus), Harvest Christian Fellowship, and multiple nearby schools, supporting steady daytime traffic. With excellent frontage along Olton Road (13,700 VPD) and immediate access to Interstate 27 (13,400 VPD), the property enjoys strong visibility and regional connectivity between Lubbock and Amarillo. Surrounded by established residential neighborhoods and supported by several nearby multifamily communities, including Stonebridge of Plainview (80 units), Stonebriar Village (100 units), and Bethesda Manor (21 units), the site benefits from a stable consumer base. The one-mile trade area boasts an average household income exceeding $98,000, reinforcing demand for national QSR and retail brands.