1650 US Highway 98 - Fast Food FOR SALE


Daphne, AL 36526
$3,115,000 USD
760-930-7931
1650 US Highway 98, Daphne, AL for Sale
$3,115,000 USD
Fast Food - FOR SALE
1/4
null | 5.2% Cap Rate

1650 US Highway 98
Daphne, AL 36526


HIGHLIGHTS

  • Brand New 15-Yr. Corporate Ground Lease, Dual-Lane Drive Thru
  • 78,246 Residents in Primary Trade Area With an average household income of $108,554
  • Excellent Access and Visibility to 35,943 VPD ALONG HWY 98

OVERVIEW

- New 15-Year Corporate Ground Lease – 9% rent increases every five years and renewal options - Brand New 2024 Construction – Latest prototype with dual-lane drive thru - Absolute NNN Lease – Zero landlord responsibilities - Whataburger Generated $3.76 Billion Revenue in 2023 – Over 1,000 locations and 50,000+ employees - Strong Performing Tenant – Whataburger Ranked #2 by Newsweek on their 2021 List of ‘America’s Best Customer Service Brands’ (QSR)

FOR SALE DETAILS

PRICE

$3,115,000 USD

PRICE/SF

$943 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New 15-Yr. Corporate Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Thomas LadtColliersMore Info
760-930-7931

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Thomas LadtColliersMore Info
760-930-7931

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.