Whataburger

Net Lease

1004 Mebane Oaks Rd, Mebane, North Carolina

Ownership Type:

Owner/User

Price:

$3,200,000

Cap Rate:

5.00%

Current Rent:

$160,000

Tenancy:

Single Tenant

Lease Type:

Ground Lease

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

3, 5 Year Options

Building Sq. Ft.:

5,397 SF

Rent Increases:

10% Every 5 Years

Site Size:

1.34 Acres

Investment Highlights

Greensboro & Raleigh/Durham MSA: Fast growing, high barrier of entry market. The property is located just outside of Burlington, off Highway 40, the main highway connecting Greensboro and Durham.
Whataburger Entering North Carolina: This site will be one of the first Whataburgers being developed in North Carolina. Whataburger chose this market to launch their brand in the state.
Dense Retail Corridor: Subject property sits as a pad site to Lowe’s grocery store, and near other major retailers such a McDonald’s, Chick-fil-a and Bojangles.
Corporate Guarantee: The lease is corporately guaranteed by Whatabuger. They have roughly 1,000 locations open and operating across 16 states. They are rapidly expanding.
Keystone Housing Development: Large, 396 unit housing development being built behind the property.
High Average Unit Volume: Whataburger has one of the highest average sales of any burger fast food restaurant ($3.9M).

Access Offering Memorandum

Ownership Type:

Owner/User

Price:

$3,200,000

Cap Rate:

5.00%

Current Rent:

$160,000

Lease Type:

Ground Lease

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

3, 5 Year Options

Building Sq. Ft.:

5,397 SF

Rent Increases:

10% Every 5 Years

Site Size:

1.34 Acres

Listing Agents

John Woodcock

Vice President
503.853.6108[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Brandon Krawitz

Analyst
312.402.5053[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Cooperating Broker: Brian Brockman, Bang Realty-North Carolina Inc., [email protected], Lic: NC – 298998

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

Request Due Diligence Access

Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to .

Once we receive your NDA, we will contact you with login information.

View/Download NDA in Word format