Duncanville, TX - Whataburger
$3,795,000
311 W Camp Wisdom Rd, Duncanville, TX 75116
5.51
Cap Rate
209,080
NOI
Details:
Description:
• Corporate signed lease by Whataburger Restaurants, LLC
• The tenant has over 8 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
• The subject property is located along W Camp Wisdom Rd, a retail road serving Duncanville that averages 22,500 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 20, a major interstate that averages 186,000 vehicles passing by daily
• The asset is ideally located in a dense retail corridor, with numerous nearby national/credit retailers including Kroger, 7-Eleven, Walgreens, Crunch Fitness, Autozone, Advance Auto Parts, Family Dollar and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
Location
Gallery