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Whataburger

3900 E Race Ave | Searcy | AR | 72143


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Confidentiality Agreement

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Property Details

  • Available SF: 3,751 SF
  • Price: $4,500,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Lot Size: 1.17 AC
  • Cap Rate: 6.00%
  • Year Built: 2023
  • Tenancy: Single Tenant
  • Lease Type NNN
  • Availability: Available

Property Description

SECURE INCOME STREAM

  • 20-Year Absolute NNN Lease, Zero Landlord Responsibilities
  • 10% Rent Increases Every 5 Years, 1% Annual Increases in Renewal Options
  • Brand New Construction, Newest Prototype with Dual Drive-Thru
  • $3.09 Billion Systemwide Sales in 2021, 14.5% Increase Over 2020
  • $3.64 Million Average Sales Per Unit Across 873 Locations (2021)
  • Operated and Guaranteed by WAB Venture, Inc., Affiliate of K-Mac Enterprises and 2nd Largest Taco Bell Operator with 320+ Locations
  • WAB Venture, Inc. to Operate 10 Locations by the End of 2023, Development Plans for 40 Locations
  • Whataburger Ranked #2 by Newsweek on their 2021 List of ‘America’s Best Customer Service Brands’ (QSR)
  • Large 1.17 Acre Lot at Signalized Intersection

PROXIMITY

  • Minutes to Harding University and Arkansas State University – Beebe with 7,580 Combined Students
  • 1 Mile to Unity Health White County Medical Center, the Largest Employer in Searcy with 2,376 Employees
  • 36,715 Residents in Primary Trade Area, Strong Daytime Population of 42,672
  • Excellent Access and Visibility Along Main Retail Corridor with 14,300 VPD
  • Adjacent to Lowes and #2 Performing Walmart in Arkansas with Over 4.1M Annual Visits (Creditintell)
  • Across from Brand New 132-Unit Multi-Family Development
  • Just Off Highway 64 with 27,000 VPD, Direct Access to Little Rock (50 Miles)
  • 12 Hotels within 2 Miles of Property, Providing Additional Customer Base
  • Surrounded by Several K-12 Schools with 4,054 Combined Students
  • Searcy is the Largest City and County Seat of White 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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