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Restaurant

Popeyes w/ Drive Thru | Within Houston’s Energy Corridor| 20 Year Absolute Net Sale Leaseback

1420 Barker Cypress Rd, Houston, TX 77084

Listing Price: $2,613,333

Cap Rate
3.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.1
Gross SF
2,684
Guarantor
Franchisee Guarantee
Rentable SF
2,684
Price/Gross SF
$973.67
Lease Type
Absolute Net
Rent Per Square Feet
$36.51

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. This Property Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access and Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 46k Vehicles.
  • Located w/in The Energy Corridor - the Primary Concentration for Business Activity in the West Houston Metropolitan Area. Houses Corporate Headquarters of some of the World's Largest Energy Companies.
  • Densely Populated and Affluent Area: Features an Average Household Income of $109k+ within a 1-Mile Radius and more than 266k People Residing within a 5-Mile Radius.
  • Minutes from National Retailers including Walmart Supercenter, Sam's Club, The Home Depot, Target, Lowe's, H-E-B, Hobby Lobby, Best Buy, TJ Maxx and many more.
  • In Close Proximity to Numerous Schools providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Across from Houston Methodist West Hospital: A 193 Bed, Full Service and Acute Care Public Hospital (870+ Physicians | 121k+ Annual Visitors/Treatments) & Texas Children's Hospital West.
  • Near Numerous Auto Dealerships and Auto Service Centers including Volkswagen, Mercedes, Subaru, Mitsubishi, Hyundai, Buick, GMC, Mazda, Acura, Volvo, Audi and 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/ Drive Thru | Within Houston’s Energy Corridor| 20 Year Absolute Net Sale Leaseback

Listing Price: $2,613,333

Cap Rate
3.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.1
Gross SF
2,684
Guarantor
Franchisee Guarantee
Rentable SF
2,684
Price/Gross SF
$973.67
Lease Type
Absolute Net
Rent Per Square Feet
$36.51

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. This Property Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access and Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 46k Vehicles.
  • Located w/in The Energy Corridor - the Primary Concentration for Business Activity in the West Houston Metropolitan Area. Houses Corporate Headquarters of some of the World's Largest Energy Companies.
  • Densely Populated and Affluent Area: Features an Average Household Income of $109k+ within a 1-Mile Radius and more than 266k People Residing within a 5-Mile Radius.
  • Minutes from National Retailers including Walmart Supercenter, Sam's Club, The Home Depot, Target, Lowe's, H-E-B, Hobby Lobby, Best Buy, TJ Maxx and many more.
  • In Close Proximity to Numerous Schools providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Across from Houston Methodist West Hospital: A 193 Bed, Full Service and Acute Care Public Hospital (870+ Physicians | 121k+ Annual Visitors/Treatments) & Texas Children's Hospital West.
  • Near Numerous Auto Dealerships and Auto Service Centers including Volkswagen, Mercedes, Subaru, Mitsubishi, Hyundai, Buick, GMC, Mazda, Acura, Volvo, Audi and more.

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

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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