LONG TERM LEASE: The building was constructed for Whataburger in 2016 and they have 10+ years remaining on a corporately backed, Absolute NNN Ground Lease with three (3), 5-Year Renewal Options.
ATTRACTIVE RENT INCREASES: The lease calls for an attractive 5% rent increases every five years throughout the base term and at the start of each option period, providing a steady increase in income and an attractive hedge against inflation.
ZERO LANDLORD RESPONSIBILITIES: Whataburger has a long term Absolute NNN and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor.
STRATEGIC LOCATION: Whataburger is adjacent to a Walmart Supercenter and the newly constructed Glenpool Conference Center, a premier Tulsa event venue able to accommodate up to 500 people. At the intersection of US Route 75 (49,203 VPD) and West 121st Street, the Whataburger is an excellent location to take advantage of broader area shoppers from the Walmart Supercenter, multiple hotels, and the Glenpool Conference Center. Highway 75 is the primary north-south arterial between Dallas and Kansas City and provides quick, four-lane expressway access to downtown Tulsa taking 15 minutes from Glenpool.
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.
