4150 Goodman Rd, Horn Lake, MS 38637

14 YEAR CORPORATE WHATABURGER GROUND LEASE
• 3,751 SF Whataburger on 1.46 Acres located in Horn Lake, MS.
• The property is currently under construction and is scheduled to open in May 2024.
• Rent Commenced in March 2023. There 14 Years are remaining on a 15 year corporate guaranteed
ground lease with Whataburger.
• There are 10% rental increases every 5 years in the initial term and each of the three, 5 year option
periods.
• Absolute NNN Ground Lease. Tenant is responsible for all taxes, insurance, CAM, roof, and structure.
WALMART SUPERCENTER OUTPARCEL
• This Whataburger is located on Hwy 302 (28,000 VPD) and is an outparcel to a Walmart Supercenter.
• Other nearby national retailers include Kroger, ALDI, Walgreens, AutoZone, and more.
• 3 Miles from a dense retail pocket on Interstate 55 (68,000 VPD) with Target, Home Depot, Lowe’s
Home Improvement, Best Buy, and more.
MEMPHIS MSA | 2ND MOST POPULOUS CITY IN TN
• Horn Lake is located in northwest Mississippi and is 20 minutes south of Memphis.
• Memphis is the second most populous city in the State of TN with a population of 650,618 and an MSA
population of 1,348,260.
• The largest employer in Memphis is the multinational courier corporation FedEx, which maintains
its global air hub at Memphis International Airport, making it the second-busiest cargo airport in the
world.
• Located on the Mississippi River and intersected by five major freight railroads and two Interstate
Highways, I-40 and I-55, Memphis is ideally located for commerce in the transportation and shipping
industry.
• Founded in 1979 and based in Memphis, AutoZone is the largest aftermarket automotive parts store in
America with 6,300 stores across the U.S., Mexico, and Brazil.
WHATABURGER | HIGHEST AVERAGE SALES PER STORE OF ALL BURGER QSRS
• #1 highest average sales per store of all burger fast food restaurants at $3.46M per store.
• Whataburger was founded in 1950 and is headquartered in San Antonio, TX.
• 945 locations across 16 states, has over 50,000 employees, and does over $3 Billion in System-wide
sales annually.
• In 2019, private equity firm BDT Capital Partners, best known for taking ownership of Krispy Kremeand
Panera Bread, acquired a majority interest in Whataburger. Since then, Whataburger has workedto grow
its franchised locations into new markets more aggressively as well as re-design its outlets.
• In 2021, Newsweek ranked Whataburger #2 for “Fast-Food Restaurant Chains” in its annual“America’s
Best Customer Service” List.