Duong Investment Group

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 ResponsibilitiesIdeal 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
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643

Subscribe For New Listings

Please enter your information to Subscribe For New Listings:

Your Name(Required)
Tenant Type
Are you an investor or broker?