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Restaurant

Popeyes w/ Drive Thru | Houston MSA | 20 Year Absolute Net Ground Sale Leaseback | Along TX-249

32310 TX-249, Pinehurst (Houston MSA), TX 77362

Listing Price: $3,882,667

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,306
Guarantor
Franchisee Guarantee
Rentable SF
2,306
Price/Gross SF
$1,683.72
Lease Type
NNN Ground Lease
Rent Per Square Feet
$63.14

Investment Overview

Pinehurst is a census-designated place in Montgomery County, Texas. Montgomery County as of the 2020 U.S. census, the county had a population of 620,443. The county seat is Conroe. Between 2000 and 2010, its population grew by 55%, the 24th-fastest rate of growth of any county in the United States. Between 2010 and 2020, its population grew by 36%. Montgomery County is part of the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. 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 Along TX-249 with Daily Traffic Counts Exceeding 30k Vehicles.
  • Densely Populated Affluent Area: Features an Average Household Income of $135k+ (More than Double the National Average) and Over 375k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located within the Fast Growing Dynamic Growth Corridor in Montgomery County - Fantastic Commercial Development Potential
  • Near Lone Star College-Tomball and Tomball 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 | Along TX-249

Listing Price: $3,882,667

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,306
Guarantor
Franchisee Guarantee
Rentable SF
2,306
Price/Gross SF
$1,683.72
Lease Type
NNN Ground Lease
Rent Per Square Feet
$63.14

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 Along TX-249 with Daily Traffic Counts Exceeding 30k Vehicles.
  • Densely Populated Affluent Area: Features an Average Household Income of $135k+ (More than Double the National Average) and Over 375k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located within the Fast Growing Dynamic Growth Corridor in Montgomery County - Fantastic Commercial Development Potential
  • Near Lone Star College-Tomball and Tomball High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Pinehurst is a census-designated place in Montgomery County, Texas. Montgomery County as of the 2020 U.S. census, the county had a population of 620,443. The county seat is Conroe. Between 2000 and 2010, its population grew by 55%, the 24th-fastest rate of growth of any county in the United States. Between 2010 and 2020, its population grew by 36%. Montgomery County is part of the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. 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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