Confidentiality Agreement

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Whataburger

1350 SE Washington Blvd, Bartlesville, OK, 74006
For Sale

Property Details

  • Price: $3,911,000
  • Property Type: Retail
  • Availability: Recently Sold
  • Transaction Type: For Sale
  • Cap Rate: 6.75%
  • Lot Size: 1.81 AC
  • Lease Type: Absolute NNN
  • Lease Term: 20 years
  • Year Built: 2024
  • Available SF: 3,318 SF

Property Description

SECURE INCOME STREAM

  • Long-Term Lease with Increases – 20-Year Lease Term with 10% Increases Every 5 Years
  • Brand New Construction – Large 1.81 Acre Lot
  • Operated and Guaranteed by WAB Ventures, Inc., – Affiliate of K-Mac Enterprises and 2nd Largest Taco Bell Operator with 400+ Locations
  • $3.34B Total System Wide Sales in 2022 – Across a Total of 979 Stores
  • 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 – 24,300 VPD Along Main Retail Corridor
  • Serving Over 51,000 Residents in Growing Washington County – 18 New Single-Family Developments Under Construction Nearby
  • Average Household Income of $95,156 – within a 1-Mile Radius
  • Minutes to Ascension St. John Jane Phillips Medical Center – a 144-Bed Medical and Surgical Center Serving Barlett and Surrounding Counties with 1,200 Employees
  • Close Proximity to Grand Prairie Residential Development – a New Master-Planned Community with 340 Single Family Homes
  • 3 Miles to Rogers State University – a Regional Four-Year University with 3,200 Students and 395 Employees
  • 2 Miles to Oklahoma Wesleyan University – a Christian University with 1,200 Students and Over 300 Employees
  • Near Dozens of National Tenants – Including Walmart (2.93M Annual Visitors), Lowe’s, CVS, Ross, Walgreens, McDonald’s, Chick-fil-A, Big Lots and Others
  • 12th Largest City in Oklahoma – 45 Miles North of Tulsa
  • Bartlesville is the County Seat – of Washington 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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