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Whataburger

NEC US Hwy 98 & Lavender Lane, Daphne, AL, 36526
For Sale

Property Details

  • Price: $3,240,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 5.00%
  • Lot Size: 1.13 AC
  • Lease Type: Ground Lease
  • Lease Term: 15 years
  • Year Built: 2024
  • Tenancy: Single Tenant
  • Available SF: 3,305 SF

Property Description

SECURE INCOME STREAM
New 15-Year Corporate Ground Lease – 9% rent increases every five years and renewal options
Brand New 2024 Construction – Latest prototype with dual-lane drive thru
Absolute NNN Lease – Zero landlord responsibilities
Whataburger Generated $3.76 Billion Revenue in 2023 – Over 1,000 locations and 50,000+ employees
Strong Performing Tenant – Whataburger Ranked #2 by Newsweek on their 2021 List of ‘America’s Best Customer Service Brands’ (QSR)

PROXIMITY
Excellent Access and Visibility to 35,943 VPD – Outparcel to Target, next to Chick-fil-A and Daphne Police Department
Hard Corner at Signalized Intersection – Along main retail corridor (US Hwy 98)
78,246 Residents in Primary Trade Area – With an average household income of $108,554
High-Growth Market – Daphne is the largest and 2nd fastest growing city in Baldwin County
Surrounded by Several K-12 Schools – 7,643 combined students
Part of Mobile-Daphne-Fairhope MSA – 13 miles to downtown Mobile

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

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$ 0.00

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