New Whataburger Ground Lease | Double Drive-Thru

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CAP Rate:


Year Built / Renovated:

Rentable SF:

Lot Size:






1.31 acres

Investment Highlights

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.

For more information:

Robert Schmidt, CCIM
Director & Shareholder
(864) 678-5995
Peter Couchell, CCIM
Managing Director & Shareholder
(864) 678-5923

Property Summary

Property Type:


Property Subtype:

QSR/Fast Food, Restaurant




Fee Simple

Lot Size:

1.31 Acres

Year Built:






Investment Summary



CAP Rate:




Tenant Credit:

Corporate Guarantee

Lease Type:


Remaining Term:

15 years

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Confidentiality Agreement Form

Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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