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Restaurant

Popeyes w/ Drive Thru | Houston | 20 Year Absolute Net Ground Sale Leaseback | High Traffic Counts

8002 hwy S Texas 6 S, Houston, TX 77083

Listing Price: $2,888,889

Cap Rate
4.50%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.0
Gross SF
2,642
Guarantor
Franchisee Guarantee
Rentable SF
2,642
Price/Gross SF
$1,093.45
Lease Type
NNN Ground Lease
Rent Per Square Feet
$49.21

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 Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 50k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $81k and over 379k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers Including Kroger, H-E-B, The Home Depot, Fiesta Mart, Petco, Walgreens, CVS Pharmacy and many more.
  • Walking Distance from Taylor High School and Kerr 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 | 20 Year Absolute Net Ground Sale Leaseback | High Traffic Counts

Listing Price: $2,888,889

Cap Rate
4.50%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.0
Gross SF
2,642
Guarantor
Franchisee Guarantee
Rentable SF
2,642
Price/Gross SF
$1,093.45
Lease Type
NNN Ground Lease
Rent Per Square Feet
$49.21

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 50k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $81k and over 379k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers Including Kroger, H-E-B, The Home Depot, Fiesta Mart, Petco, Walgreens, CVS Pharmacy and many more.
  • Walking Distance from Taylor High School and Kerr High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

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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