Whataburger

706 E Fillmore St, Colorado Springs, CO, 80907

Highlights

  • New 20-Year Absolute Triple-Net (NNN) Ground Lease with 3 x 10-Year Options and Scheduled Rent Increases
  • New Construction Double Drive-Thru Whataburger Opening in November 2023
  • Personal and Franchisee Guaranty from Burgerworks Colorado, LLC - Operator of 16 Whataburger Locations Throughout Colorado and Texas
  • Signalized Hard Corner Location at the Intersection of Fillmore & El Paso - 36,000+ VPD
  • 1.8 Miles from University of Colorado at Colorado Springs - 12,400 Students
  • 230,000+ Population within a 5-Mile Radius of the Subject Property, 3,812 Multi-Family Units Under Construction within a 5-Mile Radius - 877 Multi-Family Units Under Construction within a 3-Mile Radius
  • Price: $2,990,000
  • Lot Size: 1.27
  • Cap Rate: 4.85%
  • Lease Type: Absolute Triple Net (NNN) Ground Lease
  • Year Built: 2023
  • Building SF: 3,7744 SF
  • Status: Active
  • Guarantor: Burgerworks Colorado, LLC

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