Austin, TX - Whataburger (Lamar Blvd)
$3,400,000
9516 N. Lamar Blvd, Austin, TX 78753
4.38
Cap Rate
148,828
NOI
Details:
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
Location

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