whataburger - EDGE Realty Partners

*Representative of Location
WHATABURG E R
CORPORATE GROUND LEASE
B R A N D N E W C ON S T RUC T ION
A B S OLU T E N N N L E A S E W I T H R E N TA L I NC R E A S E S
I N T E R S TAT E 10 & H A DE N R D | HOU S T ON, T E X A S
Whataburger / 1
P RO P E R T Y
L O C AT I O N
WHATABURGE R (GROUND LE ASE)
1 3 7 2 8 E A S T F R E E WAY
H O U S TO N , T E X A S 7 70 1 5
G L A ( L A N D)
4 4 ,1 0 0 S F
PR ICE
AVA I L A B L E U P O N R E Q U E S T
C A P R AT E
AVA I L A B L E U P O N R E Q U E S T
L A N DLOR D
R ESPONSI BI LITI ES
N O N E . A B S O LU T E N N N
*Representative of Location
OV E R V I E W
+ + Long Term, Absolute NNN Lease: 15-year base lease
term with no landlord responsibilities.
+ + 8% Rental Escalations: 8% rent increases every 5
years during the initial 15-year base lease term and
the 3, 5-year option periods.
Ground Lease: Lease
Whataburger Real Estate, LLC.
+ + Corporate
signed
by
+ + Excellent Visibility & Traffic: Located along the
going home side of Interstate 10 carrying 168,000+
cars per day.
Tenant Profile: Whataburger is an
extremely successful concept with an average
revenue of $2.3 million* per unit.
+ + Incredible
+ + Relocation & New Construction: Successful QSR
relocation with new construction and an expected
opening in July 2016.
*
QSR Magazine
+ + In
Between 2 Anchored Shopping Centers:
Conveniently located in between a Walmart
Supercenter anchored shopping center and a Sam’s
Club anchored shopping center.
+ + Strong Population: Population of over 188,000
people in a 5-mile radius, including a daytime
population of 113,000+.
Whataburger / 2
E X E CUTI V E SU M M A RY
G L A ( L A N D)
4 4 ,1 0 0 S F
PR ICE
AVA I L A B L E U P O N R E Q U E S T
N O I ( Y E A R 1)
$82,000
L A NDLOR D
R ESPONSIBILITIES
N O N E . A B S O LU T E N N N
COR E IN V ESTOR M A R K ET
The fourth largest city in the nation, Houston is a
L O C AT I O N
Whataburger is located on I-10, a major thoroughfare
core market and is the 2nd fastest growing economy
in the Houston MSA that boasts 168,000+ cars per
in the United States. With over 1.8 million residents
added since 2000, Houston has enjoyed tremendous
growth and boasts a population of close to 6.5 million
residents. Houston enjoys the status of being the
economic and cultural hub of the entire Gulf Region.
H O U S TO N I S T H E F O U R T H M O S T P O P U LO U S
C I T Y I N T H E N AT I O N
I N T E R S TAT E 1 0 C A R R I E S OV E R 1 6 8 , 0 0 0
C A R S P E R DAY
IN V EST M EN T OPPORT U N IT Y
day. Furthermore, the property is on the going home
side of I-10 and enjoys incredible visibility and access.
Whataburger is conveniently located in between a
Walmart Supercenter anchored shopping center and a
Sam’s Club anchored shopping center.
The population within a 5-mile radius is over 188,000
and is supported by an incredible daytime population of
The property is leased to Whataburger Real Estate,
113,000+. Located near the heart of the Petrochemical
LLC., the corporate entity. The chain has over 790
Industry, there are 26 company headquarters within a
restaurants across the US averaging $2.3 million*
5-mile radius of the restaurant.
per unit.
The base term of the ground lease is 15 years and
includes 8% rental increases during the term of the
lease as well as at the start of each three, five-year
1 8 8 , 0 0 0 + P O P U L AT I O N W I T H I N 5 - M I L E R A D I U S
option periods. The lease is absolute NNN with no
2 6 C O M PA N Y H E A D Q UA R T E R S LO C AT E D W I T H I N
A 5 - M I LE R A D I U S
*
QSR Magazine
EDGE – CM / E xecutive Summar y
Whataburger / 3
TE N A NT PRO F I LE
Whataburger is one of America’s favorite quick service restaurant chains in the southern United States specializing in hamburgers. The chain has remained a
favorite to its loyal customers by staying true to its values and providing made to order meals from quality, fresh ingredients. Whataburger is family owned and
operated, along with 25+ franchisers and was founded in 1950 in Corpus Christi, Texas. After 65 years of business, the chain has grown to over 790 locations
and averages $2.3 million* per unit.
OV E R 7 9 0 LO C ATI O N S AC RO S S TH E
S O UTH E R N U N ITE D S TATE S
AVG R E V E N U E O F $2 . 3 M I LLI O N PE R
R E S TAU R A NT I N 2 0 1 5*
LOYA L C U S TO M E R BA S E F O R OV E R
65 YEARS
*
QSR Magazine
T E N A N T OV E R V I E W
CO M PA N Y
W H ATA B U R G E R
T Y PE
PRIVATELY HELD
I N D U S TRY
QUICK SERVICE RESTAURANTS
H E A D Q UA R TE R S
SAN ANTONIO, TX
FOUNDED
AUGUST 8, 1950 BY HARMON
DOBSON IN CORPUS CHRISTI
# O F LO C ATI O N S
790+
Whataburger / 4
A R E A OV E RV I E W A E R I A L
EDGE– CM / The Proper t y
Whataburger / 5
PRO PE RT Y PH OTOS - TA KE N J U LY 14 , 20 1 6 (CO N STRUC TI O N A LM OST CO M PLETE)
EDGE– CM / The Proper t y
Whataburger / 6
D I SCL A I M E R
EDGE Realty Capital Markets exclusively presents the
is made as to the value of this possible investment other
listing of Whataburger (“Property”) for your acquisition.
than hypothetical scenarios. It is encouraged that you or
The owner is offering for sale the Property through its
any of your affiliates consult your business, tax and legal
exclusive listing with the team.
advisors before making a final determination of value or
EDGE Realty Capital Markets and owner provides the
suitability of the Property for acquisition.
material presented herein without representation or
As a condition of EDGE Realty Capital Markets’ consent
warranty. A substantial portion of information must be
to communicate the information contained herein–as
obtained from sources other than actual knowledge and
well as any information that may be communicated to you
not all sources can be absolutely confirmed. Moreover, all
subsequently either verbally or in writing by EDGE Realty
information is subject to changes by the parties involved as
Capital Markets, owner or agents of either of these parties
to price or terms before sale, to withdrawal of the Property
regarding the Property–it is required that you agree to
from the market, and to other events beyond the control of
treat all such information confidentially.
EDGE Realty Capital Markets or owner. No representation
Whataburger / 7
WHATABU RG E R
CORPOR ATE G ROU N D LE A S E
INTERSTATE 10 & HADEN ROAD
13728 EAST FREEWAY
HOUSTON, T E X A S 77015
A S O F J U LY 1 5 , 2 0 1 6
E XC L U S I V E L I S T I N G B RO K E R S
J O S H JAC O B S
BURDETTE HUFFMAN
KEVIN HOLL AND
Principal
[email protected]
713.900.3001
Principal
[email protected]
713.900.3024
Senior Vice President
[email protected]
713.900.3025
5444 Westheimer, Suite 1650
Houston, Texas 77056
T 713.900.3000
edge-cm.com
Post wood Plaza/ 8