Whataburger – Brand New 20-Year Lease | 2023 Construction
13401 Crystal Hill Road, North Little Rock, AR
Closing Notes
- Brand New Construction
- Sourced a CA Buyer
- 1031 Exchange Buyer
Property Description
Price: $4,250,000
Land Area: ±1.99 AC
Cap Rate: 6.35%
Gross Leasable Area: ±3,371 SF
Year Built: 2023
Investment Highlights
Introducing a Brand-New, 20-Year Construction Built in 2023, Conveniently Located as an Outparcel to Walmart
The Latest Prototype Double Drive-Thru Location is Designed to Handle Increased Order Volume
Prime Retail Location
- Located Near the Intersection of Maumelle Blvd and Crystal Hill Road (Combined Traffic Counts Exceed 38,000 Cars Per Day)
- The Subject Property boasts an Expansive 2-Acre Lot, Providing Ample Space for 41 Parking Spots
- Located within 9 Miles of Camp Joseph T. Robinson Military Base
- Within Close Proximity to Several Major Retailers such as Arvest Bank, Popeyes, Tropical Smoothie Café, Supercuts, AT&T, Mattress Firm, Zips Car Wash, 7 Brew Coffee, Christian Brothers Automotive, and Many More
Experienced Franchisee
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Whataburger has the Highest Average Sales Per Store of all Burger Quick Service Restaurants at $3.54 Million per Store
- Whataburger’s Sales Skyrocketed in 2021, Reaching $3.09 Billion – A 14.5% Increase From 2020
- Whataburger has 873+ Locations Nationwide | Operated by K-Mac Enterprises, the 2nd Largest Taco Bell Operator with 320+ Locations
- Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Pride of Property Ownership in North Little Rock, AR
- Dense, Infill Location with Over 74,000 Residents within 5 Miles, Creating a Large Customer Base
- Affluent Area with the Average Household Income Exceeding $110,000 within 5 Miles
Broker of Record: Anne Williams, License #: PB00066390
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643