Whataburger | #2 Burger Chain in AUV's
$2,900,000
108 Field View Lane, Madison, AL 35756
6.25
Cap Rate
181,250
NOI
Details:
Highlights:
- Brand New 20-Year Absolute NNN Ground Lease
- 10% Rent Increases Every 5-Years During Primary Lease Term & Options
- Brand New Construction | Latest Building Design
- Affluent Suburban Area with Excellent Demogra
Description:
Brand New 20-Year Absolute NNN Ground Lease
• No Landlord management or maintenance obligations whatsoever
• Passive long-term lease shall commence upon Close of Escrow offering a new investor the maximum attainable term
10% Rent Increases Every 5-Years During Primary Lease Term & Options
• Providing long-term and predictable rent growth
Brand New Construction | Latest Building Design
• Modernized building design includes a dual-lane drive-through that significantly expedites ordering and can help increase volumes
Affluent Suburban Area with Excellent Demographics
• Madison and surrounding areas of the Huntsville MSA are some of the highest income areas in the state of Alabama
• $152,057 Average Household Income within a 1-Mile Radius
• $371,071 Median Home Value within a 1-Mile Radius
Across from The Village Shoppes of Madison & New Developments
• Direct street frontage along County Line Road (21,147 VPD)
• The Village Shoppes of Madison: a Publix-anchored shopping center
• New developments surround the subject including Circle K, Strickland Bros, Primrose School, and more coming soon
• National tenants in the immediate trade area include Publix, Walmart Supercenter, Costco, Home Depot, Lowe’s, Kroger, and many more
Whataburger - Renowned Burger Chain & Rapidly Expanding
• Privately owned American fast-food chain with over 1,000 locations
• Headquartered in San Antonio and currently operating in 15 States
• Annual sales revenues exceed $3.7 Billion (Ranked by QSR Magazine)
• Consistently Ranked in the Top 25 Fast Food chains in the U.S. (QSR Magazine)
AL Broker of Record: Eddie Greenhalgh
License: 000088298-0
Documents:
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Whataburger-Madison__AL_OM.pdf
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Location

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