Whataburger: Owens Cross Roads, AL - Huntsville MSA
Brand New 20-Year Absolute NNN Ground Lease
- No Landlord management or maintenance obligations whatsoever
- Passive long-term lease shall commence upon Close of Escrow offering a new investor the maximum attainable term
10% Rent Increases Every 5-Years During Primary Lease Term & Options
- Providing long-term and predictable rent growth
Brand New Construction | Latest Building Design
- Modernized building design includes a dual-lane drive-through that significantly expedites ordering and can help increase volumes
Affluent Suburban Area with Excellent Demographics
- The Hampton Cove / Owens Cross Roads areas are some of the highest income areas in the state of Alabama
- $171,729 Average Household Income within a 1-Mile Radius
- $390,000 Median Home Value within a 1-Mile Radius
Dominant Retail Hub Location | Situated Along Main Highway
- Direct street frontage along Highway 431 with traffic counts of 20,569 VPD
- National retailers surrounding the property include Lowe’s, Walmart Supercenter, Publix, AutoZone, Tire Discounters, Verizon, Dunkin’, PetSense, Circle K, Regions Bank, Dollar Tree, Cadence Bank, Anytime Fitness, Dutch Bros, and many more
Whataburger - Renowned Burger Chain & Rapidly Expanding
- Privately owned American fast-food chain with over 1,000 locations
- Headquartered in San Antonio and currently operating in 15 States
- Annual sales revenues exceed $3.7 Billion
- Consistently Ranked in the Top 25 Fast Food chains in the U.S.
(1) Rentable Area, Lot Size, Tenant, Guarantor, Building Specifications, Year Built, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process.
(2) Tenant/Guarantor of the Lease is a franchisee of Whataburger, see Franchisee Overview.
AL Broker of Record: AL Broker of Record: Eddie Greenhalgh
License: 000088298-0
Listed By:
John A Glass (CA DRE License: 00980723)
Executive Managing Director, Investments
Jason Hernandez (CA DRE License: 01392646)
Senior Vice President, Investments