Portland, TX - Whataburger

Description:

• Corporate signed lease by Whataburger Restaurants, LLC
• 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 at the signalized, hard corner intersection of Highway 181 and Wildcat Dr, which combine to average over 52,700 vehicles passing by daily
• Approximately two miles from a Walmart Supercenter anchored center thatt featurs other national/credit retailers such as Academy, Chili’s, KFC, Firehouse Subs, AT&T, and more
• The property is located in the center of a primary retail corridor with major retailers including Target, H-E-B, Planet Fitness, Spec’s, Chick-fil-A, Raising Cane’s, Starbucks, Jersey Mike’s, and many others
• Strong synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000002CDOXYA4