NNN Retail Advisors recently represented the buyer in the acquisition of a Whataburger in Tulsa, Oklahoma. The property is located along S. Peoria Avenue in a dense infill retail corridor with convenient access to I-244 and nearby McDonald’s, Velvet Taco, Starbucks, Walgreens, Home Depot, Wendy’s and Chick-fil-A. Whataburger operates more than 1,100 locations across 17 states, and the property is subject to a corporate absolute NNN lease through August 2034 with scheduled rent increases and additional renewal options. The surrounding one-mile area includes approximately 10,792 residents with an average household income of approximately $134,000. The combination of location, strong brand recognition, long-term lease structure and contractual rent growth made this a compelling acquisition for our buyer. Learn more about NNN Retail Advisors, our Texas NNN Services, or contact NNN Retail Advisors to discuss buying or selling a net lease property.
