3606 Olton Rd - Fast Food FOR SALE


Plainview, TX 79072
$2,526,000 USD
929-229-2614
3606 Olton Rd, Plainview, TX for Sale
$2,526,000 USD
Fast Food - FOR SALE
1/11
null | 4.75% Cap Rate

3606 Olton Rd
Plainview, TX 79072


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Guaranty |Options To Extend | Scheduled 10% Rent Increases
  • Absolute NNN Ground Lease | Zero Landlord Responsibilities
  • Prime Retail Corridor | Adjacent to Major National Anchors
  • Recent Development Activity In Immediate Area
  • Proximity To Key Community Anchors | Excellent Visibility & Access | Regional Connectivity
  • Established Residential Consumer Base | $98K+ AHHI

OVERVIEW

SRS National Net Lease Group is pleased to present the opportunity to acquire the leased fee interest in a newly constructed Whataburger located in Plainview, Texas. The property is backed by a corporate guaranty from Whataburger, a nationally recognized QSR brand with over 1,100 locations. The tenant recently executed a new 15-year absolute NNN ground lease, which includes three (3) five-year renewal options and 10% rent increases every five years. This lease structure provides stable long-term income, built-in rent growth, and zero landlord responsibilities, making it an ideal opportunity for passive, out-of-state, or 1031 exchange investors.

FOR SALE DETAILS

PRICE

$2,526,000 USD

PRICE/SF

$1,066 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger | New 15yr Corp Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

GC

APN/PARCEL ID

120038

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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