3929 Southwest Fwy - Freestanding FOR SALE


Houston, TX 77027- West University Place
$6,818,000 USD
713-425-5912
3929 Southwest Fwy, Houston, TX for Sale
$6,818,000 USD
Freestanding - FOR SALE
1/4
null | 4.4% Cap Rate

3929 Southwest Fwy
Houston, TX 77027
West University Place


HIGHLIGHTS

  • Relocation of an adjacent, established high-performing unit to a larger site size allowing double drive thru, between River Oaks and West University
  • Whataburger is the 4th highest grossing QSR in the nation and is ranked #25 of fast-food restaurants in the US.

OVERVIEW

PLEASE EXECUTE AND RETURN THE CONFIDENTIALITY AGREEMENT TO RECEIVE OM. Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground lease interest in the Whataburger located at 3929 Southwest Freeway, Houston, Texas (“Property” or “Asset”). Whataburger is operating on anew absolute NNN ground lease with zero landlord responsibilities,15 years of primary lease term, 10% rent escalations every 5 years in the primary term and in the three, five-year renewal options.

FOR SALE DETAILS

PRICE

$6,818,000 USD

PRICE/SF

$1,203 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Whataburger - Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,649 SF

ZONING

C-2

APN/PARCEL ID

1155390000020

ASK ABOUT THIS PROPERTY

713-425-5912

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713-425-5912

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