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| Burger King (left) and Church's Chicken, 404-406 State Highway 110 North, Whitehouse, TX |
WHITEHOUSE, TX - The Collins Company Commercial Real Estate,
LLC, a full-service, diversified retail real estate company and property
management service, announced firm arranged the sale of a two-tenant retail
property occupied by two fast-food drive-thru buildings in East Texas in the
City of Whitehouse, located approximately five miles southeast of downtown
Tyler and less than five miles west of popular recreation area Lake Tyler, in
Smith County.
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| Deborah Collins |
Collins represented the
buyer in the transaction and has been retained by the buyer as the property
manager. The price was not disclosed.
Located at 404-406 State Highway 110 North, adjacent to the signalized entrance to the 1,000-student Whitehouse Junior High School campus, the property includes two freestanding drive-thru buildings formerly occupied by Burger King (2,800 SF) and Church’s Chicken (1,540 SF) on more than one acre of land.
The 1,500-student high
school is located 3/4 of a mile from the property. The property is 1/3 of a
mile from the signalized intersection of Main Street (FM 346) and State Highway
110 North.
According to Deborah Collins, president of Los Angeles-based The Collins Company, State Highway 110 is the city’s major north/south thoroughfare and offers the property tremendous visibility. FM 346 is the main east/west arterial.
According to Deborah Collins, president of Los Angeles-based The Collins Company, State Highway 110 is the city’s major north/south thoroughfare and offers the property tremendous visibility. FM 346 is the main east/west arterial.
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| Aaron Smith |
The property also benefits from the pylon signage and excellent
site access with full turn movements into and out of the property. There is
also ample parking, Collins noted.
“Having spent considerable time in Whitehouse, the community is feeling the loss of both Burger King and Church’s Chicken, which closed due to corporate requirements that the franchisees were unwilling to fulfill,” said Collins.
“Having spent considerable time in Whitehouse, the community is feeling the loss of both Burger King and Church’s Chicken, which closed due to corporate requirements that the franchisees were unwilling to fulfill,” said Collins.
Collins adds, “With so many schools nearby, including the school district office, combined with the rapidly growing population base of Whitehouse and the commuters and vacationers who travel along State Highway 110, this is truly a great location with excellent access and visibility. Furthermore, the City is excited to assist new businesses looking to open in Whitehouse.”
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| Mark Whatley |
According to Smith, “The City of Whitehouse is a growing community with strong retail potential. Our residents have incomes 35 percent above the county average. Within five miles of the site, average household income is $93,612.”
Smith adds, “We are committed to helping businesses expand in our community. We work hard to make the transition here as seamless as possible. Our building permit process is extremely easy, and we are happy to guide businesses through the entire process.”
In addition, the City of Whitehouse offers incentives on a case-by-case basis to stimulate business attraction, retention, redevelopment and expansion. The incentive package would be determined by the type of operation, the number of full-time jobs created, capital investment, median wage and community impact.
The Whitehouse Independent School District is the major employer in town and is walking distance to the property as is Whitehouse Junior High School, which is nearly across the street from the Burger King/Church’s Chicken location, said Collins.
The seller was a private investor based in Reno, Nevada, and was represented by Mark Whatley, president and CEO of Burns Commercial Properties of Tyler, Texas, in the transaction.
The buyer, represented by Deborah
Collins, president of The Collins Company Commercial Real Estate, was a
private investor based in Southern California.
Leasing contact:
Deborah Collins
818.917.5662 cell
Contact:
Anne Monaghan
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