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Restaurant

Popeyes w/ Dr-Thru | Houston MSA | 20 Year Absolute Net Ground Sale Leaseback | Adjacent to Walmart

3157 Riley Fuzzel Rd, Spring (Houston MSA), TX 77386

Listing Price: $4,240,000

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
3,105
Guarantor
Franchisee Guarantee
Rentable SF
3,105
Price/Gross SF
$1,365.54
Lease Type
NNN Ground Lease
Rent Per Square Feet
$51.21

Investment Overview

The Woodlands is a master planned community and census-designated place (CDP) in the U.S. state of Texas in the Houston–The Woodlands–Sugar Land metropolitan statistical area. The Woodlands is primarily located in Montgomery County, with portions extending into Harris County. As of the 2020 U.S. Census, the township had a population of 114,436 people. In 2021, The Howard Hughes Corporation estimated the population of The Woodlands was 119,000. The Woodlands is located 28 miles north of Houston along Interstate 45. Though it began as an exurban development and a bedroom community, it has also attracted corporations and has several corporate campuses, most notably Occidental Petroleum Corporation, Chevron Phillips Chemical, Huntsman Corporation, Woodforest National Bank, Baker Hughes, McKesson Specialty Health, and Halliburton. The community won a Special Award for Excellence in 1994 from the Urban Land Institute and in 2021 was rated the #1 “Best City to Live in America” by Niche. 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 13k Vehicles.
  • Just South of The Woodlands: The Most Prosperous Suburb of Houston and the Region's Largest Employment Center.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $138k (More than Double the National Average) within a 3-Mile Radius and over 138k People Residing within a 5-Mile Radius.
  • Adjacent to Walmart Supercenter and near Numerous National Retailers Including Kroger Marketplace, H-E-B, CVS Pharmacy, PetSmart, LA Fitness and many more.
  • Adjacent to Walmart Supercenter and near Numerous National Retailers Including Kroger Marketplace, H-E-B, CVS Pharmacy, PetSmart, LA Fitness and many more.

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/ Dr-Thru | Houston MSA | 20 Year Absolute Net Ground Sale Leaseback | Adjacent to Walmart

Listing Price: $4,240,000

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
3,105
Guarantor
Franchisee Guarantee
Rentable SF
3,105
Price/Gross SF
$1,365.54
Lease Type
NNN Ground Lease
Rent Per Square Feet
$51.21

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 13k Vehicles.
  • Just South of The Woodlands: The Most Prosperous Suburb of Houston and the Region's Largest Employment Center.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $138k (More than Double the National Average) within a 3-Mile Radius and over 138k People Residing within a 5-Mile Radius.
  • Adjacent to Walmart Supercenter and near Numerous National Retailers Including Kroger Marketplace, H-E-B, CVS Pharmacy, PetSmart, LA Fitness and many more.
  • Adjacent to Walmart Supercenter and near Numerous National Retailers Including Kroger Marketplace, H-E-B, CVS Pharmacy, PetSmart, LA Fitness and many more.

Investment Overview

The Woodlands is a master planned community and census-designated place (CDP) in the U.S. state of Texas in the Houston–The Woodlands–Sugar Land metropolitan statistical area. The Woodlands is primarily located in Montgomery County, with portions extending into Harris County. As of the 2020 U.S. Census, the township had a population of 114,436 people. In 2021, The Howard Hughes Corporation estimated the population of The Woodlands was 119,000. The Woodlands is located 28 miles north of Houston along Interstate 45. Though it began as an exurban development and a bedroom community, it has also attracted corporations and has several corporate campuses, most notably Occidental Petroleum Corporation, Chevron Phillips Chemical, Huntsman Corporation, Woodforest National Bank, Baker Hughes, McKesson Specialty Health, and Halliburton. The community won a Special Award for Excellence in 1994 from the Urban Land Institute and in 2021 was rated the #1 “Best City to Live in America” by Niche. 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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