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Restaurant

Popeyes w/ Drive Thru | Houston | 20 Year Absolute Net Ground Sale Leaseback | Adjacent to H-E-B

4850 Hwy 6, Missouri City (Houston MSA), TX 77459

Listing Price: $3,993,600

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,772
Guarantor
Franchisee Guarantee
Rentable SF
2,772
Price/Gross SF
$1,440.69
Lease Type
NNN Ground Lease
Rent Per Square Feet
$54.03

Investment Overview

Missouri City is a city in the U.S. state of Texas, within the Houston–The Woodlands–Sugar Land metropolitan area. The city is mostly in Fort Bend County, with a small portion in Harris County. As of the 2010 census, the city had a population of 67,358, up from 52,913 in 2000. The population was estimated at 75,457 in 2019. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050. Greater Houston has the seventh-highest metropolitan-area gross domestic product in the United States, valued at $490 billion in 2017. A major trade center anchored by the Port of Houston, Houston–The Woodlands–Sugar Land has the highest trade export value of all metropolitan areas, at over $120 billion in 2018, accounting for 42% of the total exports of Texas. As of 2021, Greater Houston is home to the headquarters of 24 Fortune 500 companies, ranking third among all metropolitan statistical areas. The Greater Houston metropolitan area was ranked the fourth-most diverse metropolitan area in the United States in 2012.

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. This Property Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 48k Vehicles.
  • Adjacent to H-E-B and near Numerous National Retailers Including Walmart Supercenter, Lowe's, CVS, Kroger, The Home Depot, Walgreens, Hobby Lobby, Ross and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $140k (More than Double the National Average) within a 1-Mile Radius and over 259k People Residing within a 5-Mile Radius.
  • A Short Drive from Houston Methodist Sugar Land Hospital (300 Beds | 2,200 Employees) & St. Luke's Health Sugar Land Hospital (100+ Beds).
  • Minutes from First Colony Mall - a 1.1M+ Sq.Ft. Regional Shopping Center featuring a Variety of more than 150 Stores and a 24-Screen AMC Theatres Complex.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Popeyes w/ Drive Thru | Houston | 20 Year Absolute Net Ground Sale Leaseback | Adjacent to H-E-B

Listing Price: $3,993,600

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,772
Guarantor
Franchisee Guarantee
Rentable SF
2,772
Price/Gross SF
$1,440.69
Lease Type
NNN Ground Lease
Rent Per Square Feet
$54.03

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. This Property Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 48k Vehicles.
  • Adjacent to H-E-B and near Numerous National Retailers Including Walmart Supercenter, Lowe's, CVS, Kroger, The Home Depot, Walgreens, Hobby Lobby, Ross and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $140k (More than Double the National Average) within a 1-Mile Radius and over 259k People Residing within a 5-Mile Radius.
  • A Short Drive from Houston Methodist Sugar Land Hospital (300 Beds | 2,200 Employees) & St. Luke's Health Sugar Land Hospital (100+ Beds).
  • Minutes from First Colony Mall - a 1.1M+ Sq.Ft. Regional Shopping Center featuring a Variety of more than 150 Stores and a 24-Screen AMC Theatres Complex.

Investment Overview

Missouri City is a city in the U.S. state of Texas, within the Houston–The Woodlands–Sugar Land metropolitan area. The city is mostly in Fort Bend County, with a small portion in Harris County. As of the 2010 census, the city had a population of 67,358, up from 52,913 in 2000. The population was estimated at 75,457 in 2019. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050. Greater Houston has the seventh-highest metropolitan-area gross domestic product in the United States, valued at $490 billion in 2017. A major trade center anchored by the Port of Houston, Houston–The Woodlands–Sugar Land has the highest trade export value of all metropolitan areas, at over $120 billion in 2018, accounting for 42% of the total exports of Texas. As of 2021, Greater Houston is home to the headquarters of 24 Fortune 500 companies, ranking third among all metropolitan statistical areas. The Greater Houston metropolitan area was ranked the fourth-most diverse metropolitan area in the United States in 2012.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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