Whataburger | Ground Lease Midland, TX

2008 Rankin Hwy
Midland, TX

Price: $3,000,000
Cap Rate: 4.50%
NOI: $135,000
Building Size: Approx. 4,600 Sq. Ft.
Lot Size: Approx. 1.77 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2023

Investment Overview

  • 2023 Construction. 4,600+/- SF Building on 1.77+/- Acre Site
  • Brand New Largest Prototype Whataburger Ground Lease with 10% Rent Bumps Every 5 Years
  • Located Off Rankin Hwy (21,000 VPD) the main thoroughfare between I-20 (55,270 VPD) & Downtown Midland.
  • Dense Retail Corridor Anchored by a Walmart SuperCenter. Adjacent to Chick-Fil-A, AutoZone, McDonalds, & More
  • Outstanding Demographics and a New $1.67B Bond Proposal
  • Whataburger is One of the Fastest Growing QSR Chains in the U.S.
  • Midland  |  Accounts for 40% of U.S. Oil Production  |  Population: 338,085

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