Sugar Land, 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 an outparcel to First Colony Marketplace, a Fitness Connection and Altitude Trampoline Park anchored center with other national/credit tenants including HTeaO and Wells Fargo
• Approximately 1 mile from Riverstone Shopping Center with national/credit retailers including Hobby Lobby, Kohl’s, PetSmart, Planet Fitness, Ross, Rally House, Chili’s, Five Below, and many others
• The property is located in the center of a primary retail corridor with national/credit retailers including Walmart, H-E-B, Home Depot, Target, Kroger, Chick-fil-A, McDonald’s, Dutch Bros, and many more
• Strong synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

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Listing ID: a28TP000001kKPmYAM