Whataburger - Hallsville, TX
602 W Main St
Whataburger - Hallsville, TX - Retail for sale
•The Property possesses ideal net lease fundamentals, highlighted by an absolute NNN structure with zero landlord responsibilities, nine years of remaining primary term, and generous rental increases in each of the four, 5-year options to renew.
•This location has recorded successful sales for a Whataburger location, and operates at a highly-desirable rent-to-sales ratio of less than 4.5%.
•The tenant and franchisee, Emmanuel NOW Inc., was recently acquired by Whataburger Ventures, Inc., a corporate Whataburger entity. This acquisition demonstrates a corporate commitment to the location, and an implied increase in tenant creditworthiness.
•Whataburger is one of the most desirable tenants in the net lease restaurant space, and records the second-highest average sales per location nationally among all QSR and fast-food banners.
•Hallsville is a small but thriving market that is projected to grow by 5% in the coming five years. The Asset is located along the town’s primary retail thoroughfare, and the population within surrounding mile of the Asset swells by 15% during business hours.
|Property Subtype||Single Tenant / Stand-alone|
|Tenure Type||Sale / Purchase|
|Property Address||602 W Main St, Hallsville, TX 75650-5336|
|Land In Acres||0.82|
|Building Size||2,799 ft2|
|Tenant's Name||Emmanuel NOW Inc|
|Lease Expiration Date||12/31/2027|
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