Paris, TX - Whataburger

Description:

• The tenant has over 11 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 in close proximity to Paris Towne Center with national/credit retailers including Hobby Lobby, ALDI, T.J. Maxx, Ross, Five Below, Ulta Beauty, Belk, Burger King, and McAlister’s Deli
• The property is located near the intersection of SE Loop 286 and Lamar Ave, which combine to average over 58,100 vehicles passing by daily
• The asset is located in the center of a primary retail corridor with other national/credit retailers including a Walmart Supercenter, The Home Depot, Planet Fitness, Chick-fil-A, McDonald’s, Starbucks, Wingstop, Applebee’s, CVS, Walgreens, and many others
• Strong synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

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Listing ID: a28TP000001kLTtYAM