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Whataburger

2620 Airline Drive, Bossier City, LA, USA
$2,985,714 3.50% Cap 3,196 sq ft Built 2016 Representative Photo Print This Page

Location

2620 Airline Drive, Bossier City, LA, USA

Price: $2,985,714
Cap Rate: 3.50%
Net Operatin Income: $104,500
Square Footage: 3,196
Lot Size: 1.16 AC
Year Built: 2016

100% Fee Simple InterestAbsolute NNN LeaseDrive-Thru LocationExcellent Access and VisibilityFee Simple Ground LeaseHeavily Trafficked LocationLocated on a Major Commercial ThoroughfareNew 2016 ConstructionZero Landlord Obligations

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 $2.5 billion dollars in U.S. system wide sales (FY ’20). The asset is irreplaceable real estate and surrounded by numerous national credit tenants such as Kroger, Home Depot, Lowe’s, 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 vehicles per day.

Bossier City is a city in Bossier Parish in the northwestern region of the U.S. state of Louisiana in the United States. It is the second most populous city in the Shreveport-Bossier City metropolitan statistical area. In 2019 it had a census-estimated population of 68,159. It is on the eastern bank of the Red River and closely tied economically and socially to its larger sister city Shreveport on the opposite bank. Bossier City is the largest city in Louisiana that is not the parish seat.

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    presented by

    Kase Abusharkh Founding Principal View profile
    Jacob Abusharkh Managing Principal View profile

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