Investment Highlights
14+ Years Remaining | Options To Extend | Scheduled Rental Increases
Close Proximity to Walmart & Publix | Retail Corridor |Strong National/Credit Tenant Presence
Direct, Affluent Consumer Base | Major Developments Nearby |Strong Demographics In Trade Area
Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Signalized, Hard Corner Intersection | Excellent Visibility |Significant Street Frontage | Large Pylon Sign
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Whataburger investment property located in Prattville, Alabama. The tenant, Whataburger Restaurants, LLC recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The tenant has approximately 14.5 years remaining on the lease. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
