Whataburger - Edmond, OK

SHOP Companies is pleased to offer the opportunity to acquire a newly constructed (2026) Whataburger ground lease located at the signalized intersection of Covell Road and Sooner Road in Edmond, Oklahoma, positioned at the front door to the Legacy at Covell, a new Whole Foods-anchored mixed-use development. The Property is subject to a 20-year absolute NNN lease with 10% rent increases every five years throughout the base term and option periods. The operator, Vibe Restaurants, is an experienced multi-unit platform with more than 170 locations across 14 states, including nationally recognized brands such as Whataburger, Wingstop, and Little Caesars.

The Property is directly adjacent to Legacy at Covell, a transformative retail and entertainment development featuring Whole Foods Market, Dick’s Sporting Goods, Hobby Lobby, Showbiz Cinemas, and PetSmart, along with a highly curated mix of new restaurants including Shake Shack, Chipotle Mexican Grill, Texas Roadhouse, and more. Other new pad users, including Chick-fil-A, Panda Express, 7Brew, and more, will join Crest Foods (105K SF), McDonald’s, Starbucks, Braum’s, and Qdoba, positioning the corridor to capture increasing traffic and consumer demand within one of the fastest-growing retail corridors in north Edmond.