Houston, TX - Whataburger (Little York Rd)

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 an outparcel to a Food Town anchored center with other retailers including Citi Trends, Wingstop, Burger King, AT&T, DaVita, and many others
• Located in close proximity to Interstate 45, a major retail and commuter thoroughfare that sees over 215,700 vehicles passing by daily
• The asset has significant frontage and visibility on W Little York Road which averages over 32,500 VPD
• Other national/credit retailers in the area include Joe V’s, McDonald’s, KFC, Popeyes, AutoZone, and more
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000002CWhJYAW