701 Highway 76 - Fast Food FOR SALE


White House, TN 37188
$2,842,000 USD
704-697-1900
701 Highway 76, White House, TN for Sale
$2,842,000 USD
Fast Food - FOR SALE
1/7
null | 4.75% Cap Rate

701 Highway 76
White House, TN 37188


HIGHLIGHTS

  • Attractive Lease Fundamentals
  • Affluent Trade Market - AHHI ~$94K (one mile radius)
  • Positioned in Retail Corridor - Over 690K SF of space in 1-mile radius

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 10% rent increase every 5 years and during options periods - Absolute NNN Ground lease with no early termination clause WELL POSITIONED IN RETAIL CORRIDOR - Located on a Lighted Intersection of Hwy 76 (18,776 AADT) & N. Sage Rd - 0.32 miles to I-65 (64,728 AADT) - Over 690K SF of Retail Space within a 1-mile radius AFFLUENT TRADE MARKET - Average Household Incomes exceeds $94K within a one mile radius FAST GROWING TENANT - Over 930 Locations - Currently in 14 States - Over 50K Employees - Over $3 Billion in Sales Annually RECENTLY RETROFITTED BUILDING - The existing building has been retrofitted to specifically serve the Tenant’s needs

FOR SALE DETAILS

PRICE

$2,842,000 USD

PRICE/SF

$1,223 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

106-088.00

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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