Whataburger NNN Properties for Sale
8 live Whataburger listings as of October 7, 2026.
Whataburger cap rates by band
| Cap rate band | Listings | Average asking price |
|---|---|---|
| Under 5.00% | 1 | $2.04M |
| 5.00% – 5.99% | 5 | $3.37M |
| 6.00% – 6.99% | 2 | $2.98M |
Whataburger listings by state
| State | Listings | Average cap rate |
|---|---|---|
| Tennessee | 2 | 5.50% |
| Texas | 2 | 5.34% |
| Alabama | 1 | 6.25% |
| Georgia | 1 | 6.00% |
| Mississippi | 1 | 4.75% |
| Oklahoma | 1 | 5.25% |
Whataburger remaining lease term
| Remaining term | Listings | Average cap rate |
|---|---|---|
| Under 5 years | 2 | 5.47% |
| 5 – 9.9 years | 1 | 4.75% |
| 10 – 14.9 years | 1 | 6.00% |
| 15+ years | 4 | 5.56% |
Buying Whataburger in a 1031 exchange
In a 1031 exchange, replacement property must be identified within 45 days of selling the relinquished property and the purchase must close within 180 days. A qualified intermediary holds the sale proceeds in between. Speak with your own tax adviser about your situation.
5 of the 8 live Whataburger listings have 10 or more years of primary lease term remaining (as of October 7, 2026).
Whataburger due-diligence checklist
- Read the full lease: confirm the firm term, renewal options, rent schedule and every landlord responsibility.
- Confirm who guarantees the lease (corporate, franchisee or personal) and review the guarantor’s financial statements where available.
- Order tenant estoppel and SNDA documents before closing.
- Review the title commitment, survey and zoning report for the parcel.
- Commission a Phase I environmental site assessment.
- Inspect the roof, structure, parking lot and HVAC, and confirm any warranties.
- Verify property tax, insurance and CAM reimbursements against the lease.
- Review store-level sales or rent-to-sales data if the tenant reports it.
Whataburger net lease FAQ
How many Whataburger net lease properties are for sale?
Net Lease World shows 8 live Whataburger listings as of October 7, 2026.
What cap rates are Whataburger properties listed at?
Live Whataburger listings with a published cap rate range from 4.75% to 6.25%, with a median of 5.50% (as of October 7, 2026). These are asking cap rates, not closed sales.
What is the typical asking price for a Whataburger property?
The median asking price across live Whataburger listings with a published price is $3.27M (as of October 7, 2026).
Which states have the most Whataburger listings?
Tennessee (2), Texas (2), Alabama (1). Listings appear in 6 states in total (as of October 7, 2026).
How much lease term is left on Whataburger listings?
The median remaining primary lease term is 14.5 years; 5 listings have 10 or more years remaining (as of October 7, 2026).
Live Whataburger listings
- Whataburger — Chattanooga, TN · Asking $3.50M · 5.50% cap rate
- Whataburger — Dallas, TX · Asking $3.80M · 5.00% cap rate
- Whataburger — Laredo, TX · Asking $4.20M · 5.69% cap rate
- Whataburger — Flowood, MS · Asking $2.04M · 4.75% cap rate
- Whataburger — Hazel Green, AL · Asking $2.90M · 6.25% cap rate
- Whataburger — Chattanooga, TN · Asking $3.50M · 5.50% cap rate
- Whataburger — Savannah MSA, GA · Asking $3.05M · 6.00% cap rate
- Whataburger — Oklahoma City, OK · Asking $1.84M · 5.25% cap rate