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Whataburger

QSRPrivate
Avg cap rate (T12)
Being compiled
S&P
NR
Moody's
NR
U.S. units
Being compiled
Typical lease
20 yr ground lease, 10% / 5 yrs

Ratings and unit counts come from public sources (agency ratings, company filings, trade press) as of Oct 14, 2026, believed reliable but not independently verified. A rating may belong to a parent company rather than the entity that signs or guarantees the lease. Typical lease terms are general market norms, not a valuation of any property. Do your own due diligence before any purchase, sale or lease. The Whataburger logo is a trademark of its owner, shown only to identify the tenant; no affiliation or endorsement is implied. Full disclosures

Recent headlines

  1. Oct 14, 2026
    Closing units
    76-year-old Whataburger chain closes its high-tech restaurantsTheStreet
  2. Jul 28, 2026
    Earnings
    Whataburger Posts 10% Earnings Rise, Seeks $2.72 Billion LoanBloomberg.com
  3. Jun 14, 2026
    Ownership / M&A
    Whataburger sold to Chicago merchant bankIt's a Southern Thing
  4. May 22, 2026
    Remodel / rebrand
    Whataburger revives iconic A-frame in new restaurant prototypeQSR Magazine
  5. Dec 15, 2025
    Expanding
    Whataburger closing 8 locations ahead of 70-restaurant expansionHouston Chronicle

Headlines are third-party reporting and link to the original publisher. Including a headline doesn't mean I or Marcus & Millichap were involved in any transaction mentioned.

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