Whataburger | 2056 Winchester Rd NE
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Whataburger 2056 Winchester Rd NE
3,427 SF Retail Building Huntsville, AL 35811 $2,900,000 ($846/SF) 6% Cap Rate
Investment Highlights
- New 20-Year Absolute NNN Ground Lease | No landlord maintenance or management obligations
- State-of-the-art building design with dual lane, wrap-around drivethrough
- 10% Rent Increases every 5-years during the primary term and 6, 5-year option periods
- Modern digitally focused system to improve efficiency and convenience for customers
Executive Summary
• New 20-Year Absolute NNN Ground Lease | No landlord maintenance or management obligations
• 10% Rent Increases every 5-years during the primary term and 6, 5-year option periods
• State-of-the-art building design with dual lane, wrap-around drivethrough
•Modern digitally focused system to improve efficiency and convenience for customers
• Open 24 Hours per day, 7-Days per week
• Excellent Retail Synergy, Situated along main thoroughfare
• Tenants surrounding subject property include Walmart Supercenter, Starbucks, CVS, AT&T, ALDI, PetSense, Verizon, AutoZone, Tire Discounters, Express Oil Change, Taco Bell, Valvoline, Zaxby’s, CubeSmart, Culver’s, Texaco, Tropical Smoothie, and many more
• Direct Street Frontage and excellent access along Winchester Road NE | Average Daily Traffic Counts exceeding 19,000 VPD
• Rapidly Expanding Huntsville MSA Location | MSA has expanded by more than 18% over the last 5-Years
• Excellent demos with $120,861 Average HHI (1-Mile Radius)
• WHATABURGER | Renowned Burger Brand with over 1,000 locations across the South, Southwest, and Midwest U.S. generating over $3.7 billion in systemwide revenue annually
• 10% Rent Increases every 5-years during the primary term and 6, 5-year option periods
• State-of-the-art building design with dual lane, wrap-around drivethrough
•Modern digitally focused system to improve efficiency and convenience for customers
• Open 24 Hours per day, 7-Days per week
• Excellent Retail Synergy, Situated along main thoroughfare
• Tenants surrounding subject property include Walmart Supercenter, Starbucks, CVS, AT&T, ALDI, PetSense, Verizon, AutoZone, Tire Discounters, Express Oil Change, Taco Bell, Valvoline, Zaxby’s, CubeSmart, Culver’s, Texaco, Tropical Smoothie, and many more
• Direct Street Frontage and excellent access along Winchester Road NE | Average Daily Traffic Counts exceeding 19,000 VPD
• Rapidly Expanding Huntsville MSA Location | MSA has expanded by more than 18% over the last 5-Years
• Excellent demos with $120,861 Average HHI (1-Mile Radius)
• WHATABURGER | Renowned Burger Brand with over 1,000 locations across the South, Southwest, and Midwest U.S. generating over $3.7 billion in systemwide revenue annually
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,427 SF
Year Built
2023
Price
$2,900,000
Price Per SF
$846
Cap Rate
6%
NOI
$174,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
1.19 AC
PROPERTY TAXES
| Parcel Number | 08-07-35-0-002-032.011 | Improvements Assessment | $0 |
| Land Assessment | $115,060 | Total Assessment | $115,060 |
PROPERTY TAXES
Parcel Number
08-07-35-0-002-032.011
Land Assessment
$115,060
Improvements Assessment
$0
Total Assessment
$115,060
-
John Glass -
Power Broker Jason Hernandez -
The Glass Group | Marcus & Millichap
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Whataburger | 2056 Winchester Rd NE
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