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Restaurant

Popeyes w/ Dr-Thru | Southeast TX | 20Yr Absolute Net Sale Leaseback | Affluent Area | Across School

108 S Lhs Dr, Lumberton (Southeast TX), TX 77657

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Gross SF
2,792
Guarantor
Corporate Guarantee
Rentable SF
2,792
Price/Gross SF
$895.42
Lease Type
Absolute Net
Rent Per Square Feet
$44.77

Investment Overview

Lumberton is a city in Hardin County, Texas, United States. The City is the home of Village Creek State Park and part of the Beaumont–Port Arthur metropolitan area. The Beaumont–Port Arthur metropolitan statistical area is defined by the United States Census Bureau as a three-county region in Southeast Texas. The metropolitan area shares borders with the Houston–The Woodlands–Sugar Land metropolitan area to the west and the Lake Charles metropolitan area in the U.S. state of Louisiana to the east. The area is also known as the Golden Triangle. The “golden” refers to the wealth that came from the Spindletop oil strike near Beaumont in 1901, and “triangle” refers to the area among the cities of Beaumont, Port Arthur, and Orange. According to the 2000 census, it had a population of 385,090 (though the 2010 census placed the population at 388,745). Newton County was added to the metropolitan area in the February, 2013 delineation (OMB Bulletin 13-01); the addition of Newton County increased the 2010 population by 14,445. At the 2020 census, the metropolitan area’s population increased to 397,565, becoming the 139th most populous metropolitan statistical area in the U.S.

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. 2020 High Quality Construction Featuring New Prototype Style and Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 20k Vehicles.
  • Directly Across from Lumberton Intermediate School (1,240+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Affluent Area: Features an Average Household Income of more than $94k within a 5-Mile Radius. Lumberton is one of the Fastest Growing Cities in Texas (Population grew 35.2% between 2000 & 2010).
  • Walking Distance from Walmart Supercenter and Near Numerous other National Retailers Including CVS Pharmacy, H-E-B, Walgreens 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/ Dr-Thru | Southeast TX | 20Yr Absolute Net Sale Leaseback | Affluent Area | Across School

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Gross SF
2,792
Guarantor
Corporate Guarantee
Rentable SF
2,792
Price/Gross SF
$895.42
Lease Type
Absolute Net
Rent Per Square Feet
$44.77

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. 2020 High Quality Construction Featuring New Prototype Style and Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 20k Vehicles.
  • Directly Across from Lumberton Intermediate School (1,240+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Affluent Area: Features an Average Household Income of more than $94k within a 5-Mile Radius. Lumberton is one of the Fastest Growing Cities in Texas (Population grew 35.2% between 2000 & 2010).
  • Walking Distance from Walmart Supercenter and Near Numerous other National Retailers Including CVS Pharmacy, H-E-B, Walgreens and more.

Investment Overview

Lumberton is a city in Hardin County, Texas, United States. The City is the home of Village Creek State Park and part of the Beaumont–Port Arthur metropolitan area. The Beaumont–Port Arthur metropolitan statistical area is defined by the United States Census Bureau as a three-county region in Southeast Texas. The metropolitan area shares borders with the Houston–The Woodlands–Sugar Land metropolitan area to the west and the Lake Charles metropolitan area in the U.S. state of Louisiana to the east. The area is also known as the Golden Triangle. The “golden” refers to the wealth that came from the Spindletop oil strike near Beaumont in 1901, and “triangle” refers to the area among the cities of Beaumont, Port Arthur, and Orange. According to the 2000 census, it had a population of 385,090 (though the 2010 census placed the population at 388,745). Newton County was added to the metropolitan area in the February, 2013 delineation (OMB Bulletin 13-01); the addition of Newton County increased the 2010 population by 14,445. At the 2020 census, the metropolitan area’s population increased to 397,565, becoming the 139th most populous metropolitan statistical area in the U.S.

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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