Whataburger NNN investment | Fort Walton Beach FL
Description
Investment highlights
This Whataburger NNN investment opportunity is located in Fort Walton Beach, Florida and features a well-established quick-service restaurant operating under a long-term absolute NNN lease. The property offers investors stable, passive income backed by a nationally recognized brand with a loyal customer base.
The lease has over 10 years remaining, providing secure cash flow with scheduled 10% rental increases every five (5) years and multiple extension options, ensuring long-term income growth and inflation protection.
The asset is structured as an absolute NNN lease with fee simple ownership, offering ownership of both land and building and eliminating landlord responsibilities related to taxes, insurance, and maintenance.
Strategically positioned near a signalized, hard-corner intersection, the property benefits from strong visibility and placement within a dense retail corridor supported by major national and credit tenants that drive consistent daily traffic.
The surrounding trade area features strong demographics within a five-mile radius, including high household incomes and a stable residential base that supports continued demand for quick-service dining in Fort Walton Beach.
Address
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Address Fort Walton Beach, FL
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Country United States
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Province/State Florida
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City/Town Fort Walton Beach
Overview
- Property ID 14522
- Price $3,000,000
- Property Type Business, Retail
- Property status For sale
- Year Built 1989
- Size 2,464 SqFt
- Sub Type QSR/Fast Food, Restaurant
- Investment Type Net Lease
- Lease Type Absolute NNN
- Tenancy Single
- Brand/Tenant Whataburger
- Lease Term 17 years
- Lease Commencement 09/01/2019
- Lease Expiration 08/31/2036
- Remaining Term 10.6 years
- Cap Rate 4.71%
- NOI $141,381
- Year Renovated 2002
- Zoning General Commercial
- Lot Size (acres) 0.62
- Parking (spaces) 29
- Rent Bumps 10% Every 5 Years
- Lease Options 3 (5-year)
- Ownership Fee Simple (Land & Building Ownership)
