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Whataburger | New 10 Yr. Corporate Extension

13880 US-19, Thomasville, GA 31757, USA
$3,272,000

Price:
$3,272,000
Cap Rate
5.5 %
NOI
$ 180000
Cash-on-Cash
5.5 %
Pro Forma Cap Rate
5.5 %
Development Type
Retail
Building Size
3385 sqft
Lot Area
0.99 acre
Occupancy
100 %
Year Built
2004
Price Per SF
966$
Gross Leaseable area
3385
Contruction Status
Completed
LEAD LISTING AGENT
Brent Hensley

Brent Hensley

ASSOCIATE


License No. 01361112

PROPERTY CONTENT

After successfully operating at this location for the previous 16 years, the Whataburger corporation in January 2020 extended the primary term of the lease 10 years, plus 2 Five year options to renew. The subject property consists of the ownership of improved land (0.99 acres) occupied by a 3,385 square foot WhatABurger restaurant and drive-thru lane. The property is located on the southeast corner of US 19 and Constitution Avenue. The location provides for high visibility due to being located at the intersection between 2 major highways: HWY 19 and HWY 319.This area has in the last 5 years become the primary retail and business location in eastern Thomasville. The Whataburger is bound by a Longhorn Steakhouse to the north; Olive Garden to the south; Vacant land to the east; and top the west is a newer Lowe’s Home Improvement and gas station/convenience store. Numerous businesses, retailers, and restaurants are near. Publix, Lowe’ s, Holiday Inn Express, Longhorn, and IHOP to name a few.


PROPERTY HIGHLIGHTS

  • Corporate Whataburger Extended Primary Term 10 years, plus two 5 year options to renew.
  • Large radius of customers from Mobile, AL and Tallahassee, GA.
  • Higher Quality Construction built of Masonry.
  • Tremendous Future Growth to this area.
  • Absolute NNN Lease.
  • Excellent Visibility From Main Highway
  • Rent Increases to $190,000 on 1/1/2025.

13880 US-19, Thomasville, GA 31757, USA

LEAD LISTING AGENT
Brent Hensley

Brent Hensley

ASSOCIATE


License No. 01361112