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Whataburger - Excellent Store Sales 9102 Mcpherson Ave

3,074 SF Retail Building Laredo, TX 78045 $5,786,000 CAD ($1,882 CAD/SF) 5.97% Cap Rate

INVESTMENT HIGHLIGHTS

  • Proven Location with Increasing Sales
  • Located on the Corner of a Signalized Intersection with Traffic Counts Exceeding 57,000 Cars Per Day
  • Rent Increases Tied to CPI and Percentage Rent with No Maximum Cap
  • Operated by Whataburger of Alice, the Longest Running Whataburger Franchisee who has been Operating for 70+ Years

EXECUTIVE SUMMARY

--Proven Location with Increasing Sales--
--Rent Increases Tied to CPI and Percentage Rent with No Maximum Cap--
--Prime Retail Location--
-Located on the Corner of a Signalized Intersection with Traffic Counts Exceeding 57,000 Cars Per Day
-The Subject Property boasts an Expansive Lot, Providing Ample Space for 25 Parking Spots
-Located within 1 Mile of Doctors Hospital of Laredo with 180 Beds
-Located in Close Proximity to Several Major Retailers such as Exxon, Domino’s Pizza, O’Reilly Auto Parts, HEB Grocery Store, PNC Bank, Family Dollar, Smoothie King, Starbucks, and Many More
--Experienced Franchisee--
-NNN Property with Minimal Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Whataburger has the Highest Average Sales Per Store of all Burger Quick Service Restaurants at $3.54 Million per Store
-Whataburger's Sales Skyrocketed in 2021, Reaching $3.09 Billion – A 14.5% Increase From 2020
-Whataburger has 873+ Locations Nationwide | Operated by Whataburger of Alice, the Longest Running Whataburger Franchisee who has been Operating for 70+ Years
--Pride of Property Ownership Laredo, TX--
-Strong Workforce and Daytime Population of over 144,000 Employees within a 5 Mile Radius
-Population and Households Projected to Increase 6% within a 5 Mile Radius by 2028
-Laredo is the Nation’s Largest Inland Port with Daily Commercial Traffic of 14,000 Trucks and 1,200 Rail Cars
-Average Household Income Within 3 Miles Exceeds $105,000
Broker of Record:
Tim Speck
License: #9002994
5001 Spring Valley Road, Suite 100W
Dallas, TX 75244
Phone: (972) 755-5200

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,074 SF
Year Built
2003
Price
$5,786,000 CAD
Price Per SF
$1,882 CAD
Cap Rate
5.97%
NOI
$345,578 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.73 AC
Zoning
B-3

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • 3,074 SF
  • -
  • Net
  • Oct 2028

On Aug. 8, 1950, an adventurous and determined entrepreneur named Harmon Dobson opened up the world’s first Whataburger on Ayers Street in Corpus Christi, Texas. He had a simple goal: to serve a burger so big it took two hands to hold and so good that after one bite customers would say, “What a burger!” He succeeded on both counts and turned that one little burger stand into a legend loved throughout Texas and the South. Today, each and every Whataburger is made to order, right when it’s ordered. And they’re still made with 100 percent pure, never-frozen beef and served on a big toasted five-inch bun with all “the extras” to suit your taste. Grilled jalapeños, extra bacon, three slices of cheese, no tomatoes, extra pickles? No problem. Your Whataburger will be made just like you like it, 24 hours a day, seven days a week.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services 3,074 SF - Net Oct 2028
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Buffalo Wings & Rings
PNC Bank
El Taco Tote
Montana Mike's
Gold's Gym

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
256991
Land Assessment
$833,158 CAD
Improvements Assessment
$763,330 CAD
Total Assessment
$1,596,488 CAD
  • Listing ID: 34096554

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 9102 Mcpherson Ave, Laredo, TX 78045

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