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Restaurant

Popeyes w/ Drive Thru | Houston MSA | 20 Year Absolute Net Ground Sale Leaseback | Pad to Kroger

24354 Kuykendahl Rd, Tomball (Houston MSA), TX 77375

Listing Price: $3,733,333

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,407
Guarantor
Franchisee Guarantee
Rentable SF
2,407
Price/Gross SF
$1,551.03
Lease Type
NNN Ground Lease
Rent Per Square Feet
$58.16

Investment Overview

Tomball is a city in Harris County in the U.S. state of Texas, a part of the Houston metropolitan area. The population was 10,753 at the 2010 U.S. census and 11,778 in 2019. In 1907, the community of Peck was renamed Tomball for local congressman Thomas Henry Ball, who had a major role in the development of the Port of Houston. 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. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles.
  • Densely Populated Affluent Area: Features an Average Household Income of $137k+ within a 3-Mile Radius (More than Double the National Average) and Over 153k People Residing within a 5-Mile Radius.
  • Located Just West of The Woodlands: The Most Prosperous Suburb of Houston and the Region's Largest Employment Center.
  • Pad to Kroger Marketplace and Near Numerous other National Retailers including a Walmart Supercenter, Target, The Home Depot, H-E-B, Lowe's, Academy Sports, Sprouts and more.
  • In Close Proximity to Klein Oak High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

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 MSA | 20 Year Absolute Net Ground Sale Leaseback | Pad to Kroger

Listing Price: $3,733,333

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,407
Guarantor
Franchisee Guarantee
Rentable SF
2,407
Price/Gross SF
$1,551.03
Lease Type
NNN Ground Lease
Rent Per Square Feet
$58.16

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles.
  • Densely Populated Affluent Area: Features an Average Household Income of $137k+ within a 3-Mile Radius (More than Double the National Average) and Over 153k People Residing within a 5-Mile Radius.
  • Located Just West of The Woodlands: The Most Prosperous Suburb of Houston and the Region's Largest Employment Center.
  • Pad to Kroger Marketplace and Near Numerous other National Retailers including a Walmart Supercenter, Target, The Home Depot, H-E-B, Lowe's, Academy Sports, Sprouts and more.
  • In Close Proximity to Klein Oak High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Tomball is a city in Harris County in the U.S. state of Texas, a part of the Houston metropolitan area. The population was 10,753 at the 2010 U.S. census and 11,778 in 2019. In 1907, the community of Peck was renamed Tomball for local congressman Thomas Henry Ball, who had a major role in the development of the Port of Houston. 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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