CAP RATE: 4.25%
2021 NET OPERATING INCOME: $104,500
LOT SIZE: 1.16 AC
YEAR BUILT: 2016
This subject offering is a strategically located Whataburger in Bossier City (Shreveport),Louisiana. This is the opportunity to purchase the 100% fee simple interest in a long term absolute NNN Whataburger ground lease. The rare lease structure is a 15 year initial term with 10% increases every 5 years with three 5 year renewal options and 10% increases at each option. The lease is a pure NNN and requires zero landlord responsibilities. Whataburger currently bring in approximately $1.8 billion dollars in U.S. system wide sale (FY ’14). The asset is irreplaceable real estate and surrounded by numerous national credit tenants such as Kroger, Home Depot, Lowes, Best Buy, Target, Ross, and many more. Whataburger is located on Airline Dr. just south of Interstate 220 a major thoroughfare that serves Bossier City with traffic counts exceeding 34,000 VPD.
As of the 2010 census, Bossier City had a population of 61,315. The 2013 estimate was 66,333. Bossier City is located on the eastern bank of the Red River and is closely tied to its larger sister city Shreveport on the opposite bank. The Shreveport – Bossier City metropolitan area is the center of the region known as the Ark-La-Tex.