About This Restaurant
Investment Highlights
Brand-new 15-year absolute NNN ground lease with corporate guarantee, providing a robust passive investment opportunity New construction freestanding building; property will feature a double drive-thru Whataburger has over 70 years in the business and more than 960 locations in the U.S. Strong 10% increases every 5 years through the primary term and option periods Investment security with a high-performing fast-casual chain, a category that historically shows economic resilience
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
- Building Size 3,751
- Building Class B
- Year Built 2024
- Construction Status Under Construction
- Price 2,500,000
- Price Per SF 666
- Cap Rate 4
- NOI 100,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.31 AC
Nearby Amenities & Transportation
| Retail | Fleming's Prime Steakhouse & Wine Bar | ||
| Retail | Bj's Restaurant & Brewhouse | ||
| Retail | Grimaldi's Pizzeria | ||
| Retail | Orangetheory Fitness | ||
| Retail | Club Pilates | ||
| Retail | Navy Federal Credit Union | ||
| Retail | Bank of America | ||
| Retail | Applebee's | ||
| Retail | Village Inn | ||
| Retail | Panda Express |
Property Taxes
| Parcel Number | 142-56-010C | Improvements Assessment | $890,385 |
| Land Assessment | $0 | Total Assessment | $890,385 |
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | SWC Loop 101 & Northern Ave , Glendale, Arizona, 85305 | ||