Hassle-Free Investment: Enjoy true passive and stable income with a absolute net ground lease, fortified by corporate lease from Whataburger Restaurants LLC.
Strong Corporate Tenant: Whataburger added 52 new stores last year (2022), bringing its total units to 925 and generating $3.3 billion in systemwide sales. The hamburger chain’s sales jumped 24% in 2022, with AUV increasing 16.5% to $3.7 million, making it the 3rd highest grossing QSR in the country.
Secure and Growing Returns: Whataburger signed a brand-new 15-year lease with 3, 5-year options, featuring an attractive 10% rent increment every 5 years.
Competitive Pricing: Investors benefit from low ground lease rent, offering a more affordable price point relative to other Whataburger properties on the market.
Prime Location: Nestled in Irmo, a rapidly expanding suburb of Columbia, SC, the property ensures convenient access to I-26, Lake Murray, Harbison Blvd Retail, and a mere 12-minute drive to downtown Columbia.
Robust Demographics: Irmo is Columbia’s most affluent submarkets, with an average household income of $152,541 within a mile—anticipated to surge to $173,438 by 2028, amidst the development of several high-end residential and commercial developments.
Thriving Market Potential: Capitalize on Columbia’s booming market, as it not only stands as the State Capital and second-largest MSA in South Carolina but is also recently acclaimed as the #1 Place to Live in the state.