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Brand New 15-Yr. Corporate Whataburger 1650 US Highway 98

3,305 SF Retail Building Daphne, AL 36526 $3,115,000 ($943/SF) 5.20% Cap Rate

Retail Space Alabama Daphne 1650 US Highway 98, Daphne, AL 36526

Investment Highlights

  • Brand New 15-Yr. Corporate Ground Lease, Dual-Lane Drive Thru
  • Excellent Access and Visibility to 35,943 VPD ALONG HWY 98
  • 78,246 Residents in Primary Trade Area With an average household income of $108,554

Executive Summary

- 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)

Attachments

Whataburger (Daphne, AL)

Property Facts

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,305 SF
Building Class
C
Year Built
2025
Construction Status
Proposed
Price
$3,115,000
Price Per SF
$943
Cap Rate
5.20%
NOI
$162,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.13 AC
Parking
40 Spaces (12.1 Spaces per 1,000 SF Leased)

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Nearby Major Retailers

Regions Bank
WW
Taziki’s Mediterranean Café
Starbucks
Hancock Whitney Bank
Chicken Salad Chick
Lenny's Franchisor, LLC Support Center
Anytime Fitness
The First Bank
Waffle House
(760) 930-7931

Contact

  • Listing ID: 32422282

  • Date on Market: 7/11/2024

  • Last Updated:

  • Address: 1650 US Highway 98, Daphne, AL 36526

The Retail Property at 1650 US Highway 98, Daphne, AL 36526 is currently available for sale. Contact Colliers for more information.

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Brand New 15-Yr. Corporate Whataburger | 1650 US Highway 98
(760) 930-7931 x

Brand New 15-Yr. Corporate Whataburger | 1650 US Highway 98

Thomas Ladt

(760) 930-7931

(760) 930-7931

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