Whataburger Corporate Ground Lease

year built 2025 BUILDING SIZE 2,370 SF parcel size 1.17 acres (50,958 SF) parking 41 total parking stalls, including 2 handicap ACCESS POINTS U.S. Route 70 / Olton Road MAJOR TRAFFIC DRIVERS • Prime Location at Interstate 27 and U.S. Route 70 (Olton Road): This high-visibility intersection connects Plainview to Lubbock and Amarillo, ensuring consistent traffic flow and accessibility. • Exclusive Whataburger within a 45-mile Radius: As the only Whataburger in the region, Plainview attracts a strong, captive customer base, with the nearest locations 58.4 miles north in Canyon and 46.1 miles south in Lubbock. • Walmart Distribution Center: One of the area's largest employers, this state of the art facility, complete with robotic forklifts and more, bring significant daily traffic from workers and logistics operations, boosting local business visibility. • Wayland Baptist University: A key driver of student and visitor traffic, with regular events and high foot traffic from students, staff, and families. • Agricultural Traffic: Plainview's agricultural significance brings regional traffic from farmers, distributors, and industry-related personnel, further supporting local businesses. • Oil & Gas / Solar Industries: Hale County has seen a massive increase in solar farms, in addition to daily oilfield traffic with Plainview being a major hub between the Wolfberry Play and Anadarko Basin.Tenant: Whataburger Restaurants LLC Location: NEC Interstate 27 & Olton Rd. Plainview, TX 79072 Price: $2,600,000 Cap Rate: 4.62% NOI: $120,000 Term: 15 Years Initial Term with three (3), 5-Yr Renewal Options Rent Commencement: March 1, 2025 (estimated) Lease Expiration: March 1, 2040 (estimated) Rental Increases: 10% every five (5) years in initial term and in each option period. Lease Type: Absolute NNN Ground Lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot