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For Sale

Whataburger | Memphis MSA

Asking Price: $2,470,000 | Cap Rate: 4.65%

  • Net Operating Income: $115,000
  • Weighted Avg. Lease Term (WALT): 15 Years
  • Lease Type: Ground

Property Highlights

  • Leased to Whataburger on a brand new 15-year ground lease; zero landlord responsibilities
  • Corporate guarantee from national tenant: with over 880+ locations nationwide
  • Industry leading tenant: Whataburger had the 3rd highest AUV for all major QSR chains in 2021
  • Asset benefits from an oversized parcel, resulting in low ground rent for the tenant