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Restaurant

Popeyes w/ Drive Thru | Houston MSA | 20 Year Absolute Net Sale Leaseback | Across Regional Center

5745 W Grand Pkwy S, Richmond (Houston MSA), TX 77407

Listing Price: $3,333,333

Cap Rate
3.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.1
Gross SF
1,800
Guarantor
Franchisee Guarantee
Rentable SF
1,800
Price/Gross SF
$1,851.85
Lease Type
Absolute Net
Rent Per Square Feet
$69.44

Investment Overview

Richmond is a city in and the county seat of Fort Bend County, Texas, located within the Houston–The Woodlands–Sugar Land metropolitan area. Most of the city is situated on the southwest side of the Brazos River, with a small portion (Richmond Landing) on the northeast side, connected by US Highway 90A. Richmond is bordered to the southwest by the city of Rosenberg. US 90A leads east 8 miles to Sugar Land and west through Rosenberg 19 miles to East Bernard. Downtown Houston is 30 miles to the northeast. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050.

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 - Features Easy Access and Excellent Visibility Adjacent to Bellaire Blvd w/ Daily Traffic Counts Exceeding 16k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $148k within a 3-Mile Radius and over 213k People Residing within a 5-Mile Radius.
  • 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.
  • Adjacent to Sam's Club and Across from Shops of Bella Terra - a Regional Power Center Anchored by Numerous National Retailers including Walmart Supercenter, Kohl's, Ross, Best Buy, Ulta, Total Wine, PetSmart 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/ Drive Thru | Houston MSA | 20 Year Absolute Net Sale Leaseback | Across Regional Center

Listing Price: $3,333,333

Cap Rate
3.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.1
Gross SF
1,800
Guarantor
Franchisee Guarantee
Rentable SF
1,800
Price/Gross SF
$1,851.85
Lease Type
Absolute Net
Rent Per Square Feet
$69.44

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 - Features Easy Access and Excellent Visibility Adjacent to Bellaire Blvd w/ Daily Traffic Counts Exceeding 16k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $148k within a 3-Mile Radius and over 213k People Residing within a 5-Mile Radius.
  • 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.
  • Adjacent to Sam's Club and Across from Shops of Bella Terra - a Regional Power Center Anchored by Numerous National Retailers including Walmart Supercenter, Kohl's, Ross, Best Buy, Ulta, Total Wine, PetSmart and many more.

Investment Overview

Richmond is a city in and the county seat of Fort Bend County, Texas, located within the Houston–The Woodlands–Sugar Land metropolitan area. Most of the city is situated on the southwest side of the Brazos River, with a small portion (Richmond Landing) on the northeast side, connected by US Highway 90A. Richmond is bordered to the southwest by the city of Rosenberg. US 90A leads east 8 miles to Sugar Land and west through Rosenberg 19 miles to East Bernard. Downtown Houston is 30 miles to the northeast. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050.

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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