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Anatomy of a Lease: Whataburger in Hoover, Ala.

Photo courtesy of Retail Specialists

Whataburger signed a 10 year+ NNN lease for a newly constructed building in Hoover, the first location in Alabama featuring its latest prototype that incorporates two drive thrus. The site formerly housed a 9,900-s.f. Pier 1 Imports, which is part of a neighborhood shopping center. Whataburger undertook the buildout costs, which entailed demolishing the building. The biggest hurdle for the brand was obtaining all of the approvals from the City of Hoover, as well as the contiguous shopping center itself.

Tenant: Whataburger
Location: Hoover, Ala. Square Footage: 3,500 s.f.
Owner: RCG Ventures LLC
Property Type: Freestanding Building in a Neighborhood Shopping Center
Initial Term: 10+ Years

Co-tenants at the center include Five Below, Ulta Beauty, David’s Bridal, DXL, Plato’s Closet and a McDonald’s on a standalone pad. The location was ideal because it sits directly across the street from the Riverchase Galleria, Alabama’s largest enclosed mall that has JCPenney, Macy’s, Von Maur, Belk and Dave & Buster’s as its anchors, in addition to Costco and The Home Depot outparcels. There is also the Hyatt Regency Birmingham – The Wynfrey Hotel next door to the Galleria, ensuring ample traffic. Hoover is a suburban city located about 10 miles south of Birmingham. Within a three-mile radius of the retail center, the median population is $68K. The restaurant is expected to open before the end of the summer.

Tenant Representation:
The Shopping Center Group
569 Brookwood Village, Suite 525
Birmingham, AL 35209
Ray Jones, Partner
(205) 870-5655
ray.jones@tscg.com

Property Representation:
Retail Specialists
2200 Magnolia Ave. S., Suite 100
Birmingham, AL 35205
Beau Young, EVP
(205) 314-0390
beau.young@retailspecialists.com

Picture of Linda Frabl

Linda Frabl

Frabl is the former editor and reporter of Crittenden’s Retail Tenants Report. She has several years of experience in publishing including stints as a freelance writer, managing editor, copy editor and as an editor-in-chief for two Los Angeles County-based lifestyle magazines. She has worked for Crittenden Research since 2018. She has a degree in English from the University of California, Santa Barbara, and resides in San Diego.

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