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Austin, TX - Whataburger (Lamar Blvd)

$3,400,000

9516 N. Lamar Blvd, Austin, TX 78753

Active
Last Updated: 10/21/2025

4.38

Cap Rate

148,828

NOI

Details:
Cap Rate:    4.38%
NOI:    $148,828
Building Size:    2,648 sqft
Lot Area:    0.72 acres
Occupancy:    100%
Year Built:    1975
Zoning:    Commercial
Description:

• The tenant has approximately 9 years remaining on its lease with 3 (5-year) options to extend
• Corporate signed lease by Whataburger Restaurants, LLC
• 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 at the signalized, hard-corner intersection of Rutland Dr and N Lamar Blvd, averaging 44,700 vehicles passing by daily
- The site is adjacent to a 78,000+ square foot H-E-B grocery store, a leading grocer in the state of Texas
- Other nearby national/credit retailers include Target, McDonald’s, Lowe’s Home Improvement, Taco Bell, and more
- Strong synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

Map:
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