Whataburger is an American regional fast-food restaurant chain. The company, founded by Harmon Dobson and Paul Burton, opened its first restaurant in Corpus Christi, TX, in 1950. Known for their many varieties of hamburgers, they also offer chicken sandwiches, sides, soft drinks, and a breakfast menu. The company currently has over 50,000 employees and 1000 locations, most of which are in TX and others in FL, AZ, and several other southern states. With more than $2.5B in revenue annually, Whataburger is headquartered in San Antonio, TX.

On June 14, 2019, the Dobson family sold its majority stake in the company to BDT Capital, a Chicago-based investment company. Byron David Trott is the founder, chairman, and CEO of BDT Capital Partners, a merchant bank that provides advice and capital to family and founder-led companies. BDT has partnered with other companies such as Krispy Kreme Doughnuts and Peet’s Coffee & Tea and currently has deployed more than $30B in capital.

The tenant responsible on the lease is WAB Venture, Inc. WAB Venture is currently expanding and has plans to operate up to 15 locations by the end of 2024. In addition, they intend to build a total of 40 locations in Arkansas & Oklahoma over the next several years.

WAB Venture is an affiliate of K Mac Enterprises, which is a leading quick-service restaurant franchisee founded in 1964 and achieves more than $600 million in annual sales. K Mac is headquartered in Fayetteville, Arkansas and over its 60-year history it has grown to become one of the largest restaurant operators in the U.S. With 346 Taco Bell locations, K Mac has operations in Arkansas, Indiana, Illinois, Kansas, Kentucky, Missouri, Mississippi, Oklahoma, Tennessee, & Texas.