Confidentiality Agreement

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Whataburger

813 East Oak Street, Conway, AR, 72032
For Sale

Property Details

  • Price: $4,480,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.25%
  • Lot Size: 1.42 AC
  • Lease Type: Absolute NNN
  • Lease Term: 20 years
  • Year Built: 2024
  • Tenancy: Single Tenant
  • Available SF: 3,318 SF

Property Description

SECURE INCOME STREAM

  • 20-Year Absolute NNN Lease – 10% Rent Increases Every 5 Years in Base Term, 1% Annual Increases in Renewal Options
  • Brand New 2024 Construction – Whataburger’s Latest Prototype Design with Double Lane Drive-Thru, Open 24 Hours
  • Operated and Guaranteed by WAB Venture, Inc. – Affiliate of K-Mac Enterprises, the 2nd Largest Taco Bell Operators in United States with Over 400 Locations
  • Whataburger Generated $3.34B Total Systemwide Sales in 2023 – Across 987 Total Locations
  • Strong Brand Awareness and Customer Service – Ranked #2 by Newsweek as ‘America’s Best Customer Service Brands,’ (2021 QSR Segment)
  • WAB Venture, Inc. is Rapidly Expanding – Currently Operates 12 Locations, Expected to Grow to Over 40 Restaurants Within 5 Years

PROXIMITY

  • Minutes to University of Central Arkansas and Hendrix College – 11,249 combined enrollment with over 1,600 employees
  • Excellent Access and Visibility to 66,000 VPD along I-40 – And 23,100 VPD along East Oak Street
  • 71,636 Residents in Primary Trade Area – With an average household income of $75,849
  • Strong Daytime Population – 80,171 within a 5-mile radius
  • 2.5 Miles to Conway Regional Health System – Largest employer in Conway with 1,650 employees
  • Just off I-40 with Direct Access to Little Rock – 30 miles from subject property
  • 1.5 Miles to Conway Commons – Anchored by Target, Home Depot, Kohl’s, Dick’s and Best Buy
  • Over 2M SF of Industrial Property within ¼ mile – Surrounded by 7 hotels within ½ mile
  • Conway is the 8th Largest City in Arkansas – County seat of Faulkner County

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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

$ 0.00

$ 0.00

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