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Restaurant

Popeyes w/ Drive Thru | Houston MSA | 20 Year Absolute Net Sale Leaseback | Near Business Park

22101 Katy Fwy, Katy (Houston MSA), TX 77450

Listing Price: $2,587,000

Cap Rate
3.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.1
Gross SF
1,833
Guarantor
Franchisee Guarantee
Rentable SF
1,833
Price/Gross SF
$1,411.35
Lease Type
Absolute Net
Rent Per Square Feet
$52.92

Investment Overview

Katy is a city in the U.S. state of Texas within the Greater Katy area, itself forming the western part of the Greater Houston metropolitan area. Homes and businesses may have Katy postal addresses without being in the City of Katy. The city of Katy is approximately centered at the tripoint of Harris, Fort Bend, and Waller counties. Katy had a population of 21,894 at the 2020 U.S. census, up from 14,102 in 2010. Beginning in the 1960s, the rapid growth of Houston moved westward along the new Interstate 10 corridor, bringing Katy into its environs. Today, Katy lies at the center of a broader area known as Greater Katy, which has become heavily urbanized. Several corporations are headquartered in areas surrounding Katy. Igloo Corporation is headquartered west of Katy in unincorporated Waller County. Academy Sports and Outdoors has its corporate offices and product distribution center in unincorporated western Harris County. BP America is headquartered in the Houston Energy Corridor and is the area’s largest employer, with 5,500 employees on its Westlake campus as of 2009. BP’s Katy operations include engineering and business support for much of BP’s onshore operations in the contiguous United States, as well as its operations in the Gulf of Mexico. In 2017, Amazon constructed a 1 million-square-foot distribution center near the intersection of Highway 90 and Woods Road. In 2021, it was estimated that new development projects were near completion to stimulate the local economy.

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 & Retail Corridor - Hard Corner Location - Features Easy Access and Excellent Visibility Adjacent to Mason Rd w/ Daily Traffic Counts Exceeding 45k Vehicles.
  • Walking Distance from Provincial Professional Business Park - West Houston's Premiere Owner Occupied Business Park Office Complex located on a 16-Acre Tract featuring 52 Units.
  • Located in a Rapidly Expanding Dense Urban Infill Area - The Area is now Undergoing Major Development because of its Close Proximity to Downtown Houston, The Energy Corridor, Major Highways, Shopping Centers and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $116k and over 290k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers Including H-E-B, Walmart Supercenter, Sam's Club, Target, Lowe's, The Home Depot, Kohl's, Hobby Lobby, Best Buy and many more.
  • Minutes from Katy Mills Mall - a 1.3M+ Sq.Ft Shopping Center featuring more than 160 Stores including a 20-Screen Movie Theater. It is one of the Tourist Destinations in Houston.
  • A Short Drive from Houston Methodist Continuing Care Hospital - a Medicare Certified 102 Bed General Hospital serving the Katy and West Houston Communities. In Close Proximity to James E. Taylor 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 Sale Leaseback | Near Business Park

Listing Price: $2,587,000

Cap Rate
3.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.1
Gross SF
1,833
Guarantor
Franchisee Guarantee
Rentable SF
1,833
Price/Gross SF
$1,411.35
Lease Type
Absolute Net
Rent Per Square Feet
$52.92

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 & Retail Corridor - Hard Corner Location - Features Easy Access and Excellent Visibility Adjacent to Mason Rd w/ Daily Traffic Counts Exceeding 45k Vehicles.
  • Walking Distance from Provincial Professional Business Park - West Houston's Premiere Owner Occupied Business Park Office Complex located on a 16-Acre Tract featuring 52 Units.
  • Located in a Rapidly Expanding Dense Urban Infill Area - The Area is now Undergoing Major Development because of its Close Proximity to Downtown Houston, The Energy Corridor, Major Highways, Shopping Centers and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $116k and over 290k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers Including H-E-B, Walmart Supercenter, Sam's Club, Target, Lowe's, The Home Depot, Kohl's, Hobby Lobby, Best Buy and many more.
  • Minutes from Katy Mills Mall - a 1.3M+ Sq.Ft Shopping Center featuring more than 160 Stores including a 20-Screen Movie Theater. It is one of the Tourist Destinations in Houston.
  • A Short Drive from Houston Methodist Continuing Care Hospital - a Medicare Certified 102 Bed General Hospital serving the Katy and West Houston Communities. In Close Proximity to James E. Taylor High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Katy is a city in the U.S. state of Texas within the Greater Katy area, itself forming the western part of the Greater Houston metropolitan area. Homes and businesses may have Katy postal addresses without being in the City of Katy. The city of Katy is approximately centered at the tripoint of Harris, Fort Bend, and Waller counties. Katy had a population of 21,894 at the 2020 U.S. census, up from 14,102 in 2010. Beginning in the 1960s, the rapid growth of Houston moved westward along the new Interstate 10 corridor, bringing Katy into its environs. Today, Katy lies at the center of a broader area known as Greater Katy, which has become heavily urbanized. Several corporations are headquartered in areas surrounding Katy. Igloo Corporation is headquartered west of Katy in unincorporated Waller County. Academy Sports and Outdoors has its corporate offices and product distribution center in unincorporated western Harris County. BP America is headquartered in the Houston Energy Corridor and is the area’s largest employer, with 5,500 employees on its Westlake campus as of 2009. BP’s Katy operations include engineering and business support for much of BP’s onshore operations in the contiguous United States, as well as its operations in the Gulf of Mexico. In 2017, Amazon constructed a 1 million-square-foot distribution center near the intersection of Highway 90 and Woods Road. In 2021, it was estimated that new development projects were near completion to stimulate the local economy.

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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