San Benito, TX - Whataburger
$6,315,000
1110 Us 77, San Benito, TX 78586
6
Cap Rate
378,957
NOI
Details:
Description:
• Corporate signed lease by Whataburger Restaurants, LLC
• Over 8 years remaining with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• The subject property is located along U.S. 77 which averages 20,800 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 69E, a major thoroughfare that averages 90,800 vehicles passing by daily
• Nearby national/credit retailers include Starbucks, Dutch Bros, Autozone, O’Reilly Auto Parts, Dollar General and many more
• The Whataburger is in close proximity to San Benito High School (2,012 students), Combes Village Apartments, and Miller Jordan Middle School (640 students), further increasing traffic to the site
Location
Gallery