Profitable NNN Investment
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1010 Wildcat Dr, Portland, TX 78374
Single-tenant Whataburger NNN property with over 8 years remaining.
Property Size2,798 SF
Price / SF$2,607
Days on Market194
Property Features for 1010 Wildcat Dr
General Information
Standard status
Active
Size
2,798 SF
Total Parking Spaces
42
Property subtype
Retail
Zoning
CG: General Commercial District
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$455,859
Building Details
Year Built
1971
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners SAN ANTONIO
(480) 221-4221
Listed By:
Webb Sellers · License #TX 589055
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 11 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners SAN ANTONIO
Investment Insights
Based on property information with market context.
Located at 1010 Wildcat Drive in Portland, Texas, this single-tenant absolute NNN property presents a prime investment opportunity. The property has over 8 years remaining on the lease, with scheduled rental increases and options to extend. The property is leased to Whataburger Restaurants, LLC. The property operates with a 6.00% cap rate and a net operating income of $455,859. The fee simple ownership structure means the tenant is responsible for all expenses. Situated at a signalized, hard corner intersection in a dense retail corridor with high traffic flow, the property benefits from its proximity to a Walmart Supercenter and various national retailers. The property size is 2798 square feet. It is located in a 5-mile trade area.
Key Highlights
- Absolute NNN lease with over 8 years remaining, providing a secure and passive income stream.
- Corporate lease by Whataburger Restaurants, LLC, ensuring stable returns.
- Net Operating Income (NOI) of $455,859 with a 6.00% cap rate.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
328k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 31%
Groceries 18%
Apparel 2%
H-E-B
Groceries
53,757 visits/mo
0.4 miles
Chick-fil-A
Dining
31,531 visits/mo
0.2 miles
Whataburger
Dining
24,420 visits/mo
0.1 miles
McDonald's
Dining
23,996 visits/mo
0.1 miles
SONIC Drive In
Dining
19,057 visits/mo
0.5 miles
Demographics for 78374, TX
20,281
Population
8,426
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,090
Density / Sq Mi
$81,580
Median Household Income
$43,110
Median Earnings
$1,492
Median Rent
$225,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant Whataburger NNN property with over 8 years remaining.
Where is this nnn property located?
The property is located at 1010 Wildcat Dr Portland, TX.
What is the asking price?
The asking price for this property is $7,295,000.
What are key features of this property?
This property features: Absolute NNN lease with over 8 years remaining, providing a secure and passive income stream.; Corporate lease by Whataburger Restaurants, LLC, ensuring stable returns.; Net Operating Income (NOI) of $455,859 with a 6.00% cap rate.**
